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Posted Wed Mar 4 2009: from New Energy Finance, via EurekAlert:
Clean energy investment not on track to avoid climate change
The world economic crisis has hit investment in clean energy and means its growth is no longer on track for the world to avert the worst impact of climate change, according to leading clean energy and carbon market analysts, New Energy Finance.... Investment in clean energy -- renewables, energy efficiency and carbon capture and storage -- increased from $34bn in 2004 to around $150bn in each of 2007 and 2008. New Energy Finance's latest Global Futures report demonstrates that investment needs to reach $500bn per annum by 2020 if CO2 emissions from the world's energy system are to peak before 2020.
[Read more stories about: economic myopia, stupid humans, alternative energy]

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