Global trends in sustainable energy investment 2007 - analysis of trends and issues in the financing of renewable energy and energy efficiency in OECD and developing countries

Jan 2007

C. Greenwood, A. Hohler, M. Liebreich, V. Sonntag-O’Brien, E. Usher This report was commissioned by United Nations Environment Programme (UNEP)’s Division of Technology, Industry and Economics (DTIE) under its Sustainable Energy Finance Initiative and was produced in collaboration with New Energy Finance Limited.Sustainable energy markets are becoming more liquid and more global. The various forms of capital now being deployed across the value chain signal the sector’s shift into the mainstream. Given the maturing sector fundamentals, the recent capital build-up does not appear to be a sign of short term volatility, but part of a longer-term trend. With individual sectors there is considerable volatility, however, risk and uncertainty can be diversified across technologies and geographies. These trends have continued through the first half of 2007, with new investment globally in sustainable energy expected to total $85 billion for the year.The figures contained do not represent a fine-tuning of the current global energy system, but rather full-scale economic development. Investment growth is underpinned by clean energy policy initiatives. Despite the considerable discussion about the need for energy technologies of tomorrow, the investment community already believes that the technologies available today are ready to decarbonise the energy mix.

By: United Nations Environment Programme (UNEP) and New Energy Finance Ltd.

 
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