A burgeoning biofuels industry has helped the clean energy market sky rocket, new research shows.
Clean Energy Trends 2010, a report by the clean technology market authority Clean Edge, reveals that despite the restraints of the recession the renewable and sustainable energy markets have seen continued growth.
The study shows that the combined global revenue for solar photovoltaics, wind power, and biofuels in 2009 expanded by 11.4 percent, compared to the previous year.
All three sectors saw an increase in total deployment, with increased revenue for both biofuels and wind power.
It also predicts that the growth of the sustainable energy market will continue, bolstering financial gains for the wider economy.
"But signs of hope have begun to emerge for the clean-tech sector. From Beijing to Seoul, and Washington, D.C. to Brussels, clean energy has become a driving force for economic recovery," says the report.
Biofuels are becoming a major focus for the UK manufacturing and energy industries.
The Energy Technologies Institute recently suggested that up to one tenth of Britain’s unused rural landscape could be used to harvest bioenergy crops in the future.
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