The excerpt below is just another confirmation of the move toward renewable and sustainable energy. It also speaks volumes to the shift in the attractive investment market in green technologies… specifically solar!
“Solar power grew most rapidly, attracting US $28.6 billion of new capital and growing at an average annual rate of 254% since 2004”
Photo Credit: Warren Gretz
The link to the full article is below.
Peace,
Bruce
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London, UK [RenewableEnergyWorld.com] July 3, 2008
Worries about climate change, support from world governments, rising oil prices and ever present energy security concerns combined to fuel another record-setting year of investment in the renewable energy and energy efficiency industries in 2007, according to an analysis issued by the United Nations Environment Programme (UNEP).
Globally, more than US $148 billion in new funding entered the renewable energy and energy efficiency sectors last year, up 60% from 2006, even as a credit crunch began to roil financial markets toward the end of the year. This is the finding of the report, Global Trends in Sustainable Energy Investment 2008, prepared by UK-based New Energy Finance for UNEP’s Paris-based Sustainable Energy Finance Initiative.
“The clean energy industry is maturing and its backers remain bullish. These findings should empower governments-both North and South-to reach a deep and meaningful new agreement by the crucial climate convention meeting in Copenhagen in late 2009,” said Achim Steiner, the head of UNEP.
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