| U.N. Report Finds Huge Growth In Sustainable Energy Market |
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PARIS (ClimateBiz.com), June 21, 2007.- Global investment in sustainable energy technologies climbed 25 percent from 2005 to 2006, growing to $100 billion in total investments, a new study by the U.N. Environment Programme has found. ... "One of the new and fundamental messages of this report is that renewable energies are no longer subject to the vagaries of rising and falling oil prices -- they are becoming generating systems of choice for increasing numbers of power companies, communities and countries irrespective of the costs of fossil fuels," said UNEP Executive Director Achim Steiner.
The report noted that although renewable sources account for only 2
percent of the world's energy today, they represent about 18 percent of
total world investment in power generation, with wind generation taking
the lead in investments. Solar and biofuel energy technologies are
growing more quickly than wind, the report notes, but started from a
much smaller base. |
