With the current trend for more respectful of the environment and sustainable energy sources, about 155 million dollars was invested in alternative energy funds last year. This Fund still does not include Spa grande, showing that the cause is growing wider and wider as time goes on.
Even large companies and powerful investors to invest their money to support the cause, it has stimulated awareness of more alternative energy sources. This year, this even is expected go higher. Among alternative energy funds, $ 13.5 million were given to companies that are developing new technologies to be more sustainable energy resources. Some 117 million dollars was invested in projects focused on renewable energy such as wind power, biofuels, solar and geothermal.
This increase in funds for alternative energy is four times higher than in 2004. Even though the global economic crisis is loomed in most companies, there was still a high share of funds for alternative energy.
Different countries are showing a lot of support in this case for more sustainable energy resources, providing greater awareness and support from all over the world. Economies such as Brazil and China contributed to the five per cent increase in the total amount of funds to hedge funds.
According to an Assistant Secretary-General and the executive director of the United Nations programme environment Achim Steiner, the economic crisis has definitely affected the clean energy campaign. This is especially true in the United States, where investments declined 2 percent. However, efforts are still just so overwhelming, especially now that sustainable energy is becoming standard.
Noteworthy are the efforts of China, which is currently the second largest wind energy market. This is in terms of new capacity, as well as photovoltaics manufacturing. Geothermal energy has been receiving more and more popular, especially in countries such as Kenya, Japan and Australia.
Even countries like Chile, Brazil, Philippines and Peru have been bringing in efforts to introduce policies and laws that promote the conservation of energy and more environmentally friendly ways of life and energy production. These countries have taken note of the alternative energy funds and have been seeing mobilization even in non-governmental organizations.
Between all energy resources, the wind was able to attract the largest number of funds for alternative energy. However, solar power had increased in terms of market share, while biofuels energy fell slightly by 9 percent.
One of the responses of the countries to the economic crisis is creating stimulus packages that have specific provisions for energy efficiency, promotion of renewable energies. These new agreements can contribute significantly to the efforts of having more clean energy. These alternative energy funds would most certainly help support the clean energy market.
Due to these efforts, it is assumed that tools of green energy prices would also fall. Solar modules, for example, expected that it would soon fall by 43 per cent in terms of price. This is because supply bottleneck have been facilitating, enabling more suppliers to produce according to the requirements of the countries. Sustainable energy unit has increased also funds alternative energy even for production companies.
This shows that the private sector is to soon to the trend. Investments were also seen in bottleneck of last year, but this year, must be at the same time and still increase significantly. Investments for sustainable energy are also one of the biggest stimulus packages in Governments around the world. Efforts have been observed and reported on different occasion. In Asia, China is still that the giant even in alternative energy funds.
There is a strong message that is beyond all these funds of energies alternatives come from all over the world. The banks are encouraged to increase its lending to the energy sector, deductions or tax exemptions are asked for funds for renewable energy sources and more efforts have been in the form of obtaining alternative energy and flow of investment funds.
The plans that are supported by funds of alternative energies are dispersed between short, medium and long term goals. As the different Governments of countries of the world continue to support the cause, we soon live in a more sustainable Earth.
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