Investment in Renewable Energy Reaches $100 Billion
source: http://www.renewableenergyworld.com/rea/news/story?id=52397&src=rss
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- TouchArt
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http://www.renewableenergyworld.com/rea/news/story?id=52397&src=rss
Greetings, All -- A new report by the United Nations claims that high oil prices and an array of government incentives are leading to soaring rates of investment in renewable energy -- investment that reached $100 billion in 2007.More importantly:
"The finance community has been investing at levels that imply disruptive change is now inevitable in the energy sector," says Eric Usher, Head of the Energy Finance Unit at the UN. Usher said the UN's "report puts full stop to the idea of renewable energy being a fringe interest of environmentalists. It is now a mainstream commercial interest to investors and bankers alike."
Download & read the 54-page document at:
http://www.unep.org/pdf/SEFI_report-GlobalTrendsInSustainableEnergyInverstment07...
-- Bill Brown
http://www.renewableenergyworld.com/rea/news/story?id=52397&src=rss
Renewable Energy World/United Nations
May 6, 2008
Investment in Renewable Energy Reaches $100 Billion
Washington, D.C., United States [RenewableEnergyWorld.com]
High oil prices and an array of government incentives are leading to soaring rates of investment in renewable energy, according to the United Nations' annual "Global Trends in Sustainable Energy Investment" report.
The UN report calculates global investment capital flows into renewable energy companies reached $100 billion for the first time in history last year. More than $30 billion of the total was the result of mergers and acquisitions led by investment banks such as JP Morgan and Goldman Sachs.
"The finance community has been investing at levels that imply disruptive change is now inevitable in the energy sector," says Eric Usher, Head of the Energy Finance Unit at the UN. Usher said the UN's "report puts full stop to the idea of renewable energy being a fringe interest of environmentalists. It is now a mainstream commercial interest to investors and bankers alike."
The huge investment flows mean that IPO's, largely dormant since the heady days of the technology boom nearly a decade ago, are now re-emerging. A trio of solar companies went public with large returns in 2007, including JA Solar, Trina Solar and Solarfun Power Holdings.
William M. Brown
Sage West Consultants & The Climate Project
Energy Science, Law, Architecture
Arroyo Hondo & Taos, New Mexico
Email: nmglobalwarming@yahoo.com
Web: http://nmglobalwarming.org
Web: http://www.theclimateproject.org
_________________________________
from your friends at TouchArt.net and OneEarthBlog.blogspot.com
If you can invest, invest green.
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arizonamike
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try this for a start if you just work up with the idea that you want to start to help, ready real simple.... CHANGE ALL YOUR LIGHT BULBS TO C.F.L's man it cut my E. bill 1/3 honest
- 5 years ago
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arizonamike
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stephenthomson
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I like meligrosa's video link, especially the way the graph goes 3D at the end. very cool.
- 5 years ago
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stephenthomson
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PlatoTacius
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This could be a very good thing if it can be developed so that it is affordable at the retail level. Sustainability is definitely the way of the future. As we climb the evolutionary ladder, I believe we will see that these low carbon energy sources will also contribute to the futher development of collectively nonhostile global societies.
Man at some point will no longer feel a need to rage or to wage war in an attempt to settle his disputes, to resolve frustrations inflamed by the powers that be for oil or an inability to solve irresolution any other way, or for the profit to be gained at the cost of so many lives to be lost...
I say "No more shock and awe...no more BS tactics to confiscate someone else's Oil..."
Aren't we all so ready for this Solar investment boom..?
Thanks for the clips...too...all good...
PEACE
- 5 years ago
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PlatoTacius
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WorldPeaceTV
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Excellent! My wife just finished her masters thesis on an economic/finance model for lowering the carbon foot print of the cement industry. She got a near perfect score. (I'm proud of her!) Her company is well involved with renewable energy investments as well.
- 5 years ago
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WorldPeaceTV
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jubal
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I think we are talking about re-channeling the "greed" from fossil fuel energy towards renewable energy.
Lets face it there will always be greedy investors but why not channel that into renewable energy, especially when the payoffs can be huge as the article seems to suggest. This type of investment has finally become attractive and competitive with the established and entrenched dinosaurs.
Perhaps they knew this all along and decided to gouge us all just before the flood of investment went elsewhere. They're literally cashing in at the pump before the demand for their product in the US is going to be in swift decline as the slough of electric vehicles begin to hit the roads; eventually becoming the standard mode of travel for short trips to handle daily business close to home.
Gasoline will still be sold, but the they will mostly be peddling their product to hybrids and diesel hybrids that are taking the long haul trips on the road.
The future will be dominated by electric powered transport within cities. This spells huge money, a whole new industrial revolution on the verge of happening.
- 5 years ago
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jubal
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arizonamike
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didn't we tell you that in the 60's & 70's
- 5 years ago
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arizonamike
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JanforGore
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One upside to high gas prices. Let's get them to market soon! The solution comes up in the sky every morning.
Take that, EXXON. - 5 years ago
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JanforGore
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Hawkmang
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A nice by-product of the government's manipulation of the economy. Go First Solar!
- 5 years ago
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Hawkmang
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meligrosa
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thought you all might enjoy this -xo
- 5 years ago
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meligrosa
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onechance
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RAD. It's all possible. We've just got to break free of these greedy old people and their greedy old ways of fossil fuels and inefficiency. It's all possible. Wake up and smell the progress!
- 5 years ago
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onechance
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meligrosa
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peak oil
- 5 years ago
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meligrosa
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Elligirl
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It's about time!
- 5 years ago
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Elligirl
