A recent report by Bloomberg New Energy Finance (BNEF) indicates that 2010 was a banner year for clean energy investment. The report concludes that investment in 2010 was up 30 percent from 2009 to a new record of $243 billion worldwide. Chief executive of BNEF, Michael Liebreich, stated that these results

fl[y] in the face of skepticism about the clean energy sector among public market investors, who have been concerned about the sustainability of subsidy programs in Europe, the failure of the Obama administration to deliver a climate or an energy deal, and the crescendo of ill-informed doubts about climate change.