Latest news 04 June 2010
Developing countries around the world are attempting to encourage investment in clean and renewable energy.
However, a study from the Carbon Disclosure Project has revealed that there is no ‘one size fits all’ approach to encouraging private investment in this sector.
Marianne Osterkorn, director-general of the Renewable Energy and Efficiency Partnership, commented: “Tackling climate change will require massive private sector capital flows into energy efficiency and renewable energy.
“So it is very important to understand what government policies are most effective in enabling this to happen.”
The study found that not only were government regulations having an effect on companies’ clean energy plans, but consumer and competitor expectations were also a major factor in energy decisions.
Corporate investment in the sector in Brazil was found to be affected by strong regulatory requirements for the energy sector.
Investment in clean energy procedures in South Africa, however, was found to be primarily driven by energy security and cost reduction.
Posted by Emily Thomas
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