New York, United States [RenewableEnergyWorld.com]
In just five months, the U.S. government has gone from being a casual supporter of renewable energy to the one of world's biggest investors in the space. Now the private sector is trying to figure out what role it will play in this new era of government involvement.
Public policies in the form of incentives and procurement targets have historically provided the necessary base-level demand for clean energy. Acting on those signals, the private sector has brought clean energy close to the mainstream.According to a report released by New Energy Finance (NEF) last month, renewables brought in more investment than fossil energy technologies in 2008 and represented 40% of global power capacity additions, making the industry a real player on the global stage.
=> Read More: Renewable Energy World
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"Capitalism didn't break and it will sort this out...Competition will return and there will be innovation and creativity."
-- Michael Liebreich, CEO of New Energy Finance
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