NYT Article: in 2008, we spent more money investing in renewable energy generation than on fossil fuel generation.

In the NYT article, "Clean Energy Funding Trumps Fossil Fuels", the author states that global investors spent 56% on renewable energy generation in 2008. The Kyoto Protocol, and the cap and trade scheme developed in the EU and other countries abroad have created the necessary enthusiasm and urgency for investors to start thinking about renewable energy as the new primary source of energy. Although this was the first year that renewable energy generation investment surpassed fossil fuel generation investment, this phenomenon predicts that similar trends will follow in the coming years. It will take a long time before fossil fuel sources are phased out of the marketplace so renewable energy sources have a long way to go in terms of replacing fossil fuel generation. Yet overall, this is great news for green activists. A change in generation source investment strategy means that a plethora of changes are in store for the global green energy community.