Clean energy attractive

Vancouver Sun
Thursday, January 03, 2008

LONDON -- Investment in clean energy worldwide rose by a third last year to $117 billion US, boosted by widespread concerns over global warming, researchers New Energy Finance said Wednesday. Government measures to combat climate change and support clean energy sources such as wind, biofuels and solar have drawn investment funding into the sector, helping it weather a wider credit crunch that has strained markets and threatened lending elsewhere.

The amount of new money invested in clean energy grew to $117.2 billion last year, up 35 per cent from $86.5 billion in 2006, said New Energy Finance, which defines new investment as public and private funding of clean energy companies and assets.

© The Vancouver Sun 2008

New Energy Finance Report
Review of 2007: new investment in clean energy surges past $100bn