Renewable Energy Investment Recovering in Second Quarter of 2009
A report from New Energy Finance, a market research firm, shows that clean energy investments have risen substantially in the second quarter of 2009.
The report states investment in the second quarter will be at least 33% higher than it was in the first quarter. This is welcome news for renewable energy sectors, considering investment in the first quarter was down 44% from 2008. Some of the factors causing the turn around are: rallies in public market investments, more availability for bank financing for projects, and the gradual injection of worldwide funds from "green" stimulus packages.
However, to curb climate change, there is still a long road for the renewable energy sectors to travel. Investment in renewable energy for 2009 is expected to be around $95-$155 billion USD. According to another New Energy Finance report, in order to keep world temperatures from rising, global investment in clean energy from now until 2030 must be $515 billion, annually.
Read the full story at Energy Efficiency and Renewable Energy News: Report: Worldwide Clean Energy Investments on the Upswing
Nathanael Baker is the Managing Editor of EnergyBoom. He has researched and reported on the issues of renewable energy, sustainability, and climate change for over two years. He has provided research to the New York Times and The Economist, as well as being published on different media outlets including, The Energy Collective.
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