Friday, May 8, 2009

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Renewable Energy and the Economic Crisis


We are all aware of the economic crisis that now affects everyone, some countries more than others, but affects everyone in some way. It makes me wonder if this crisis affect investment in renewable energy projects.

I began to investigate the matter and found that not long ago following the March 5 to be exact, the New Energy Finance reported that due to the crisis, investment in developing cleaner energy types has been greatly reduced and stopped be a major concern in the agenda of governments.

the New Energy Finance also said that investments in clean energy rose between 2004 and 2008 of 34,000 million to 150,000 and it was estimated that by 2020 would be 500,000 million dollars, but the reality that is facing right now will not happen indicates that the 350,000 million, which is over 20% less estimated.

Source: Blue Planet

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