Clean energy investment not on track to avoid climate change
Impact of recession and low energy prices may push peak CO2 emissions back by more than a decade
The world economic crisis has hit investment in clean energy and means its growth is no longer on track for the world to avert the worst impact of climate change, according to leading clean energy and carbon market analysts, New Energy Finance. Presenting their Global Futures 2009 insights to the second New Energy Finance Summit on March 4th, NEF analysts say that although lower economic activity due to the financial crisis will reduce CO2 emissions, in the longer term the drying up of funding for lower-carbon energy solutions is likely to have far greater adverse impact on emissions.
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About New Energy Finance
New Energy Finance is the world’s leading independent provider of subscription-based research to decision-makers in renewable energy, biofuels, low-carbon technologies and the carbon markets. The company has a research staff of around 130, based in London, Washington, New York, Palo Alto, Beijing, New Delhi, Hyderabad, Tel Aviv, Cape Town, São Paulo and Perth.
New Energy Finance’s Insight Services provide deep market analysis to investors in wind, solar, bioenergy, geothermal, carbon capture and storage, energy efficiency, nuclear power and the traditional energy markets. New Energy Finance’s Industry Intelligence service provides access to the world’s most comprehensive database of investors and investments in clean energy. The New Energy Finance Briefing is the world’s leading news and newsletter service focusing on clean energy investment. New Energy Finance is co-publisher of the world’s first global stock-market index of quoted clean energy companies (ticker symbol NEX). The company also undertakes bespoke research and consultancy, and runs senior-level networking events.
About Global Futures 2009
Global Futures 2009, developed by New Energy Finance, is an integrated model of the world’s energy supply, using systems dynamics techniques to show how different elements interact. It is distinctive in building on the company’s core areas of research, including clean energy investment activity and economics, technology trends and potential, and carbon price modelling. It allows scenarios for investment, capacity and emissions to be explored rapidly for different levels of growth, energy intensity, technology progression and policy measures.
About New Carbon Finance
New Carbon Finance, a division of New Energy Finance, is the world’s leading independent provider of analysis, price forecasting, consultancy and risk management services relating to carbon. It has dedicated services for each of the major emerging carbon markets: Europe, global (Kyoto), Australia and the US, where it covers the planned regional markets as well as potential federal initiatives, and the voluntary markets.
About the New Energy Finance Summit and Awards Dinner
The second New Energy Finance Summit will be held at Vinopolis, London, 4th to 6th March, 2009. It is an invitation-only event for 200 senior investors, industry executives and policy makers in clean energy and the carbon markets. The fourth New Energy Finance and New Carbon Finance Awards will be unveiled at a gala dinner on 5th March, celebrating leading investors across a full range of asset classes, as well as leading professional service providers.
Michael Liebreich, Chairman & CEO
New Energy Finance Limited
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For more information on New Energy Finance: www.newenergyfinance.com
For more information on New Carbon Finance: www.newcarbonfinance.com
For more information on the NEX clean energy market index: www.nexindex.com