"Facts are meaningless. You could use facts to prove anything that's even remotely true!"
-Homer J. Simpson

Friday, June 22, 2007

This is what me mean when we talk about a Green and Propserous Economy

Original Story

Investment capital flowing into renewable energies such as wind power climbed from $80 billion in 2005 to a record $100 billion in 2006, according to a new report from the UN Environment Programme, UNEP. The trend analysis cites climate change concerns, increasing government support, and high oil prices as reasons for the boom.

The trend continues in 2007 with experts predicting investments of $85 billion this year. "The renewable energy sector’s growth "although still volatile ... is showing no sign of abating," the report states.


Renewables now compete head-on with coal and gas in terms of new installed generating capacity, says the report, adding that "the portion of world energy produced from renewable sources is sure to rise substantially as the tens of billions of new investment dollars bear fruit."