Investors flock to renewable energy and efficiency technologies: UN study

United Nations Environment Programme,
Division of Technology, Industry and Economics, Paris
20 Jun 07

Renewables shed fringe image — Transactions leap to record $100 billion in 2006, says UNEP study

2007Climate 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.”

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