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News

Climate Change Worries, High Oil Prices and Government Help Top Factors Fueling Hot Renewable Energy Investment Climate

25 June 2007 - Investors Flock to Renewable Energy and Efficiency Technologies; Transactions Leap to Record $100 Billion in 2006, Says UNEP Study; Renewables Shed Fringe Image; American, European Markets Dominate But 9% of Global Investments are in China, 21% in Developing Countries

Global Investment in Renewable Energy, 2004–2006

Climate change worries coupled with high oil prices and increasing government support top a set of drivers fueling soaring rates of investment in the renewable energy and energy efficiency industries, according to a trend analysis from the UN Environment Programme. The report says investment capital flowing into renewable energy climbed from $80 billion in 2005 to a record $100 billion in 2006. As well, the renewable energy sector‘s growth "although still volatile ... is showing no sign of abating"...

More: Press Release (pdf, 185 KB)

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Executive Summary (pdf, 725 KB)
Global Sustainable Energy Investment Report 2007 (pdf, 2.6 MB)

REN21 News and Update

29 Sept 2008
IEA urges governments to adopt effective policies to help renewable energy reach its huge potential
The International Energy Agency (IEA) estimates that nearly 50% of global electricity supplies will have to come from renewable energy sources if we want to halve CO2 emissions by 2050 in order to minimise significant and irreversible climate change impacts.

19 Aug 2008
World's largest economies have enormous renewable energy potentials
New REN21 assessment points to crucial role of policies to make renewables work for climate change mitigation, energy security, and economic and social developments.

22 Jul 2008
Washington International Renewable Energy Conference report highlights three-day conference
National Renewable Energy Lab gives preliminary impact assessment of Washington International Action Plan Pledges.

02 Jul 2008
CO2 Impact Analysis of WIREC 2008 Pledges
NREL has produced a draft analysis to estimate the CO2 impact of the WIREC 2008 pledges. Participants' feedback is welcome.

1 Jul 2008
Clean Energy Investments Charge Forward Despite Financial Market Turmoil
With end of cheap oil, renewables and energy efficiency attracts fast-growing interest; New investment surpasses USD 148 billion in 2007, a 60% rise from 2006; Growth continues in 2008, UNEP study says.

18 Apr 2008
Renewable Energy Conference in Dakar, Senegal
Side event: Potential, markets and strategies for renewable energy in Africa. Presentation of forthcoming report.

28 Mar 2008
WIREC Pledge Count
The United States has announced that it will continue collecting pledges for the Washington International Action Program through April 4, 2008.

27 Feb 2008
2007 Global Status Report Shows Perceptions Lag Reality The renewable energy industry is stepping up its meteoric rise into the mainstream of the energy sector, according to the REN21 Renewables 2007 Global Status Report.