09 Oct '12, 12pm

Having rebounded from the economic crisis, renewable energy investments are again on the rise.

Having rebounded from the economic crisis, renewable energy investments are again on the rise.

Though impressive, it is essential for the continued development of the renewables sector that this upward investment trend be sustained. Meeting the full potential of renewable energy technologies, allowing them to play a critical role in reaching international climate targets as well as energy access goals, depends heavily on the continued development and deployment of renewables fostered through increased investment. The IEA estimates that an average annual investment in renewables of US$235 billion by 2020 is needed to meet the 2-degrees-Celsisus warming scenario. Likewise, the agency also estimates that US$48 billion per year will be needed to provide universal access to modern electricity by 2030. Early signs, however, indicate that the impressive growth witnessed in 2011 is not being repeated in 2012. Through the first two quarters, investment in renewables is down ...

Full article: http://www.worldwatch.org/node/11843

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