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UNEP Report: Global Trends in Sustainable Energy Investment 2008

Global Trends in Sustainable Energy Investment 2008 1 July 2008: The

United Nations Environment Programme (UNEP) has launched the Report Global

Trends in Sustainable Energy Investment 2008: Analysis of Trends and Issues in

the Financing of Renewable Energy and Energy Efficiency. The Report notes

record breaking investment levels in the sustainable energy sector during 2007,

with over US$148 billion of new investment, an increase of 60% over 2006,

largely driven by wind power.

The Report says the

effects of the financial crisis have been mild on the sustainable energy

sector, mainly during the first trimester of 2008, and investment flows have

not only continued to grow, but have broadened and diversified, making the

overall picture one of greater breadth, depth and scale in sustainable energy.

It also states that mainstream capital markets are now fully receptive to

sustainable energy companies, supported by a surge in funds destined for clean

energy investment. The Report further notes greater activity in next-generation

activities (such as cellulosic ethanol, thin-film solar technologies and energy

efficiency) and geographic broadening of renewables investment in 2007, with

renewable capacity rollout continuing to shift away from Europe and towards

China and the United States. [Summary or report, with free

registration] [Report]