Climate Change Worries, High Oil Prices and Government
Help Top Factors Fueling Hot Renewable Energy Investment Climate
25 June 2007 - Investors Flock to Renewable Energy and Efficiency
Technologies; Transactions Leap to Record $100 Billion in 2006, Says
UNEP Study; Renewables Shed Fringe Image; American, European Markets
Dominate But 9% of Global Investments are in China, 21% in Developing
Countries
Global Investment in Renewable Energy, 2004–2006
Climate change worries coupled with high oil prices and increasing
government support top a set of drivers fueling soaring rates of
investment in the renewable energy and energy efficiency industries,
according to a trend analysis from the UN Environment Programme. The
report says investment capital flowing into renewable energy climbed
from $80 billion in 2005 to a record $100 billion in 2006. As well, the
renewable energy sector‘s growth "although still volatile ... is showing
no sign of abating"...
More: Press Release
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