Clean Technica
Financial woes grip the world. The American economy continues to sag, Europe teeters on the brink of collapse, and even the Chinese economy is starting to worry.
In many countries, funds are being redirected towards shoring up existing industries and practices, threatening sustainable development in poor and rich countries alike.
Renewable energy investment is bucking the trend, according to global investment analysts Preqin, but funds are continuing to leave North America despite a report at the beginning of the year that the US had overtaken China.
The figures confirm Pew Environment’s Who’s Winning The Clean Energy Race 2011 report, which states:
The United States reclaimed the top spot in the worldwide clean energy race in 2011. Because of policy uncertainty, however, its leadership is likely to be short-lived after a variety of American clean energy programs expired at the end of 2011.
Preqin tracks over 200 North American and European infrastructure funds, of which nearly half are actively seeking renewable energy investment. This year, these funds are targeting over $16 billion at renewable energy investment, nearly 20% of all infrastructure capital they’re looking to raise.
Also: Renewable energy in UK to overtake nuclear power by 2018, research says
Nuclear Plants Get Through the Storm With Little Trouble/The New York Times
If you’d like to discuss energy issues, contact Court Rich, crich@roselawgroup.com
