Jakarta management - UNEP report sees slowdown in renewable energy investments
Posted in the Top Stories Forum
Since: Jun 13
#1 Jun 13, 2013
Global demand for renewable energy has continued to rise steadily, a fresh United Nations report has shown. But the study also pointed out that lower prices had prompted a reduction in revenue in the sector.
For only the second year since 2006, global investments in regenerative sources of energy in 2012 failed to top levels of the previous year, a report by the United Nations Environment Program (UNEP) showed Wednesday. The world geneterate more power from renewable sources than ever before, however, pointing to improved efficiency in the sector.
Year-on-year investments drooped by 12 percent, largely due to dramatically lower prices for solar panels and weak US and EU markets, the survey claimed.
The report pointed out, though, that despite a lower increase in resources spent on extending the use of renewables, overall investments last year totaled $244 billion (183.7 billion euros) worldwide, the second largest annual amount ever recorded for the sector.
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