Clean Energy Investments Charge Forward Despite Financial Market Turmoil

01.07.08 - 19:39 ... source : United Nations Environement Programme - UNEP

... With end of cheap oil, renewables and energy efficiency attracts fast-growing interest;New investment surpasses $148 billion in 2007, a 60% rise from 2006, Growth continues in 2008, UNEP study says Climate change worries, growing support from world governments, rising oil prices and ongoing 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 Tuesday July 1 by the UN Environment Programme(UNEP). "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," Achim Steiner, the head of UNEP, says. Over $148 billion in new funding entered the sustainable energy sector globally last year, up 60% f ...» Next (HTML)