Renewable energy investment tops $100 bln, UN says - Reuters

[Eugene]

Source: Reuters

Wednesday June 20, 9:30 PM

Renewable energy investment tops $100 bln, UN says

OSLO, June 20 (Reuters) - Investment in renewable energies such as
wind power and biofuels leapt to a record $100 billion in 2006 and
worries about global warming are likely to sustain the boom, a U.N.
report said on Wednesday.

The flood of cash meant that clean energies had shaken off a fringe
image compared with fossil fuels and seemed robust enough to survive
any fall in high oil prices, according to a 46-page study by the U.N.
Environment Programme (UNEP).

"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," said Achim Steiner, head of UNEP.

UNEP said investment capital flowing into renewable energy and
efficiency technologies rose 25 percent in 2006 to $100 billion from
$80 billion in 2005. That total was likely to leap to around $120
billion in 2007.

Growth "although still volatile...is showing no sign of abating", the
report said.

-snip-

Read more: http://asia.news.yahoo.com/070620/3/33niq.html

---

Source: Associated Press

Global Investment in Renewable Energy Up

By ANGELA DOLAND, Associated Press Writer
11:49 AM PDT, June 20, 2007

PARIS -- Renewable energy has moved out of the fringe and into the
mainstream, with investors worldwide pouring $71 billion of new capital
into the sector in 2006, up 43 percent from the previous year, and more
is expected, a U.N. report said Wednesday.

Fears about global warming, frustration over high oil prices and growing
backing from governments have lured more investment money to
renewable energy sources like wind, solar power and biofuels, the U.N.
Environment Program said. About a fifth of 2006 investment was in the
developing world.

Today renewable energy accounts for only 2 percent of the electricity
around the world, however, the report said. Renewable energy makes
up 18 percent of the world's investment in generating power.

The trend report analyzed venture capital, the stock market and
acquisitions, studying how investment money on renewable energy is
being spent around the world. Though high oil prices are helping
drive interest in renewable technologies, the field is growing more
independent of fossil fuel prices.

-snip-

Read more: http://www.latimes.com/news/nationworld/world/wire/sns-ap-renewable-energy,1,4778922.story

[Dogmudgeon]

1. Fifteen bucks a person

Anything that doesn't come attached to God, the human penis, or a flightless bird that lays golden eggs, is not going to get any serious attention until people start to die.

--p!

[razzleberry]

2. this article is rubbish ...

you don't know how much
money is going for hydro dams
(probably 90 percent),
when they are not even mentioned.

also unknown, how much money going to,
fuel ethanol disstileries

how much going to scam 'carbon offsets'.
when they are not even mentioned