Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

03 Jan 2008 04:01:47

Renewable energy up by 35% worldwide in 2007

Renewable energy up by 35% worldwide in 2007
Global new investment in renewable energy experienced a 35 per cent increase in 2007, with fresh spending on sustainable sources topping the $100 billion (£50.6 billion) mark for the first time.

Research published by New Energy Finance revealed that investment in the sector grew to $117.2 billion (£59.3 billion) last year, compared to $86.5 billion (£43.8 billion) in 2006.

Continuing fears over dwindling supplies of traditional energy sources helped to fuel the growth in investment, despite global financial problems, the chief executive of the group, Michael Liebreich, told the International Herald Tribune.

Looking forward to the future, he said: "Inevitably, there are sectors where investors' excitement is running ahead of what can be delivered."

"There will also be volatility, as in any growth sector where valuations are driven more by expectation than by proven historical cash flows."

The New Energy Finance figures also revealed that money raised by renewable and clean energy companies on the world's stock markets saw an 80 per cent year-on-year increase last year.ADNFCR-1235-ID-18412651-ADNFCR

Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community

Related Items From Everyone

  1. There is a paradigm shift towards renewable sources of energy across the globe.Many countries are...

    21 Sep 2015
  2. Wind Energy Update's offshore wind health and safety conference has been put together for HSE...

  3. Energy-efficient appliances should not have VAT placed upon them, retail industry chiefs have...

    17 Aug 2009
  4. Top quality performance all-year-round Provide up to 70% of annual hot water requirements

  5. A wind turbine built from waste has earned a University of Portsmouth student a first class...

    21 Aug 2008

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.