Citation
(2009), "Dramatic fall in global clean energy investment", International Journal of Climate Change Strategies and Management, Vol. 1 No. 3. https://doi.org/10.1108/ijccsm.2009.41401cab.003
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited
Dramatic fall in global clean energy investment
Article Type: News From: International Journal of Climate Change Strategies and Management, Volume 1, Issue 3
Global investment in clean energy projects fell by 44 per cent since the end of last year due to a shortage of private sector finance and a lack of stock market confidence, according to analysts New Energy Finance (NEF). Investment in energy efficiency, renewables and low-carbon energy reached €155 billion in 2008. Given the poor start to 2009, it will take a “very sharp acceleration” to match that figure this year, NEF predicts. Funding in the various stimulus packages announced so far must “start flowing immediately”, it adds.
Governments must also stick to their targets on renewables and emission reductions, according to NEF. The energy sector “must not be allowed to entertain the hope” that renewables targets will be relaxed. Firms E.ON and EDF want the UK Government to scale back investment in wind power, Greenpeace claimed last month.