Sunday, July 25, 2010

The State of New Energy Investing :


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Posted on 2010/07/21
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The State of New Energy Investing

Investment in New Energy and Energy Efficiency in 2009, at $162 billion, was 7% below the previous year. Considering the extent of the worldwide recession, that is a remarkably small decrease. Investment in biofuels and solar power plants was off more significantly. Investment in wind energy, however, set new records.
There is little doubt about the most striking 2009 New Energy (NE) and Energy Efficiency (EE) statistic: Investment in China grew 53%. The world invested $119 billion in NE/EE in 2009 and China got $33.7 billion of it.
For the first time, investment in Asia/Oceania’s NE/EE ($40.8 billion) was greater than that in the Americas. Investment in Europe’s NE/EE was down 10% ($43.7 billion).
On the strength of total investment in China greater than investment in the U.S., China’s installed NE capacity increased 37 gigawatts (GW) in 2009.
There are, though, more important numbers in Global Trends in Sustainable Energy Investment 2010; Analysis of Trends and Issues in the Financing of Renewable Energy and Energy Efficiency, from the United Nations Environment Program’s Sustainable Energy Finance Initiative and Bloomberg New Energy Finance.
The more important numbers are found in the amount of recovery money that was dedicated internationally to NE/EE investment ($188 billion) versus how much has been spent (9%). That leaves 91% of $188 billion to be invested in 2010 and 2011. With $170+ billion in stimulus funding ready to go to work in NE and EE over the next 18 months, there is likely to be a lot of action.
Total NE/EE investment (excluding large hydro) in 2009 (~$100 billion) was about the same as investment in fossil-fuel generation. Adding investment in large hydro ($39 billion) makes total investment in NE more than fossil-fuel generation investment for the second year in a row.
Most notable singular areas of 2009 investment: (1) China wind development, (2) North Sea offshore wind investment, and (3) financing for electricity storage and electric vehicle technology.
Energy-smart technologies (power storage, EE hardware and software, etc.) accounted for $2.3 billion in public markets investment and $2.1 billion in VC and PE investment in 2009. It was the first time the efficiency technologies got more VC/PE investment than NE.
New Energy and Energy Efficiency sector share prices were up ~40% over 2008, when they fell ~33%. In Q1 2010, they under-performed the stock markets as a whole by ~10% but were up 50+% over Q1 2009.
The recovery has hesitated in 2010’s Q2, with markets volatile in response to international economic turmoil and government economic policies compromised by political pressure to cut deficit spending. But the impact of the remaining 91% of that $188 billion NE/EE stimulus money should be interesting to see.
(Renewables 2010 Global Status Report, the companion report from the Renewable Energy Policy Network for the 21st Century (REN21), was reviewed yesterday.)
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Just plain wrong


Deve Boundy :;       2010/7/25

Just plain wrong

Dear matuoka,

I just want to yell at somebody.

We're in the middle of the one of the worst environmental crises in the history of our country. And a minority of Senators in the pocket of fossil fuel interests are blocking any action in the immediate future on a bill that limits carbon pollution and helps solve the climate crisis.

Instead, it looks likely that the Senate will vote on a narrow oil spill response bill that only includes minor energy provisions -- and completely fails to address the underlying causes of the climate crisis and fossil fuel catastrophes like the oil spill.

Make sure your Senators know that band-aid measures are unacceptable -- and that you're disappointed and not going away. Join Repower America and pledge to call your Senators this Tuesday when they're back in Washington. Tell them that you and millions of Repower America supporters won't give up until our country takes leadership on climate change and clean energy.

Click here to pledge that you'll call the Senate on Tuesday, July 27.

Once you sign up, we'll email you on Tuesday and give you everything you need to make the call.

This disappointing announcement from the Senate follows what could only be described as a shock and awe campaign by corporate polluters. The oil and gas industry spent $213 million lobbying in this Congress alone.*

Apparently, that's what it costs to block action on this crucial issue.

But stopping debate doesn't just benefit big oil and dirty coal. It also robs Americans of the opportunity to reap the benefits of clean energy, including:
  • Creating millions of new American jobs
  • Ending our addiction to oil and dirty fossil fuels
  • Addressing the threat of climate change
  • Strengthening our national security
We need to change this storyline.

This is not the future I want to leave my kids and future generations. Like every parent, I want to provide them a world with better opportunities -- and a healthy, prosperous planet is non-negotiable.

Remind our leaders of our priorities, our values and our resolve. Join me today in pledging to call your Senators.

Sign up and make the pledge here.

Then stay tuned for our Tuesday email with calling instructions.


Dave Boundy
Campaign Manager
The Climate Protection Action Fund's Repower America campaign

* Center for Responsive Politics, "Oil & Gas Influence & Lobbying," last accessed July, 22 2010.

Contributions or gifts to the Climate Protection Action Fund are not tax deductible.

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