. Space Industry and Business News .




.
ENERGY NEWS
Tough economy curbs clean energy investment: experts
by Staff Writers
Abu Dhabi (AFP) Jan 17, 2012


A global economic slowdown and the eurozone debt crisis have curbed government investment in renewable energy, experts warned Tuesday.

"There are already some signs that government support may be slowing down in Europe," chief economist at the International Energy Agency, Fatih Birol, warned participants in the World Future Energy Summit in Abu Dhabi.

Birol named Germany and Spain as countries that have where support for renewables has apparently declined.

He said that although the renewable energy sector was continuing to grow, its expansion was "far slower" than it should be to meet demand.

"The energy sector needs long-term planning," he said, arguing that "it would be a pity" if governments fail to fully support the development of renewables.

The IEA, which promotes stable energy supply among its 28 developed nation members, in November issued a report saying that if governments implemented promised policy changes, the proportion of energy generated from renewable sources would increase from 13 percent to 18 percent by 2035.

The percentage of primary energy generated from fossil fuels worldwide would also fall to 75 percent from the current 81 percent level, it said.

Jacob Wallenberg, chairman of Sweden's Investor AB, also lamented the economic slowdown's impact on renewable energy investment.

"Economic difficulties have contributed to diverting investments away from renewables," he told the summit.

The European Union is battling a two-year-old debt crisis that has prompted Standard and Poor's to cut the credit ratings of nine eurozone economies and the EU's bailout fund, the European Financial Stability Facility (EFSF).

But other experts and officials argued that developing countries have boosted investment in renewables as more advanced economies have cut back.

"We talk about a slowdown in the renewable energy sector, but that is mainly in the OECD (Organisation for Economic Cooperation and Development) countries," said Mohamed El-Ashry, Chairman of REN21 policy-network organisation.

Chinese Premier Wen Jiabao, addressing the WFES on Monday, boasted that his energy-hungry nation has "become the world's fastest-growing region in wind and solar power."

China also ranks first in global hydropower generation, Wen said.

Adnan Amin, the head of Abu Dhabi-based International Renewable Energy Agency (IRENA), said that despite declines in public investment, private investment was still fueling the renewable sector.

"Despite a global economic slowdown, investment in renewable energy has grown worldwide," he said, adding that 90 percent of current investment is coming from private sources.

"What is needed is an enabling framework and that is the role of governments," Amin said.

More than 26,000 people are attending the four-day WEFS conference and exhibition which displays top clean energy technologies, according to organisers.

Related Links





.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY NEWS
Japan's quake-hit TEPCO to put up business bills
Tokyo (AFP) Jan 17, 2012
Quake-hit Japanese electricity utility TEPCO on Tuesday announced its first price rise in more than 30 years, putting up industrial tariffs by 18 percent in the wake of the Fukushima nuclear disaster. The firm has not increased prices since a 52 percent hike in 1980, instead cutting them on several occasions. But the crisis at its Fukushima atomic power station - the world's worst nucle ... read more


ENERGY NEWS
Neutron scattering provides window into surface interactions

Lynas rare earth facility awaits approval

Space station to dodge superfast debris

Building the smallest magnetic data storage unit

ENERGY NEWS
Raytheon's Navy Multiband Terminal Tests With On-Orbit AEHF Satellite

Northrop Grumman And ITT Exelis Team For Army Vehicular Radio

Lockheed Martin Ships First Mobile User Objective System Satellite To Cape For Launch

Satellite Tracking Specialist, Track24, wins Canadian Government Contract

ENERGY NEWS
Canaveral has busy 2012 launch schedule

China to launch Bolivian satellite in 2013: Chinese Ambassador

Ariane 5, Soyuz, Vega: Three world-changing launch vehicles

Satellites: Europe's Arianespace sets 13 launches for 2012

ENERGY NEWS
First Galileo satellite GIOVE-A outlives design life to reach sixth anniversary

USAF Awards Contract to Lockheed Martin for GPS III Launch and Checkout Capability

ORBCOMM Announces Launch of VesselSat2

Association of Old Crows Recognizes the Dangers of Persistent GPS Interference

ENERGY NEWS
JAL names ex-pilot as new president

India protests EU airline emissions tax

Airbus agrees A380 deal with Hong Kong Airlines: reports

Slovenian adventurer embarks on eco-friendly world trip

ENERGY NEWS
New microtweezers may build tiny 'MEMS' structures

High-speed CMOS sensors provide better images

Particle-free silver ink prints small, high-performance electronics

10-second dance of electrons is step toward exotic new computers

ENERGY NEWS
A step closer to mapping the Earth in 3D

Ziyuan III satellite sends back hi-res images

NASA Radar to Study Most Active Volcano On Hawaii

Astro Aerospace Completes CDA of Reflector Boom Assembly for SMAP Mission

ENERGY NEWS
NIST releases 2 new SRMs for monitoring human exposure to environmental toxins

In tackling lead pollution, fungi may be our friends

China sets pace for smoggy Hong Kong: think-tank

Warnings of ecological timebomb after Tuscan ship wreck


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement