Wind Energy Government Funding
Surge Global Investment in green energy
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Reports published in July by the United Nations Environment Programme and the Renewable Energy Policy Network for the 21st Century (REN21), revealed that global investment in green energy sector has experienced a significant boost. However, this information has been somewhat tempered Following the publication of a report by Bloomberg indicates that the fossil fuel industry has a much larger share of government subsidies from the sectors of renewable energy.
The twin reports of the UN and the REN21 conclude that in 2009, the energies renewables accounted for 60% of new installed energy resources in Europe, the figure for the USA, sitting at 50%. In addition, new investments private and public sector in new renewable energy and biofuels has increased by 53% in China last year, with the country by adding 37 GW of capacity renewable energy.
This dramatic increase in the capacity of China's renewable energy coincides with the news they surpassed the U.S. in terms of energy consumption. During the last decade, the use of China's coal, oil, wind and other energy sources have more than doubled.
Bucking this trend also presented to the UN and REN21 reports with suggestions that the total investment in renewable energy has increased in 2009. Although investment in new renewable energy biofuels and energy efficiency has decreased by 7%, there was a record investment in wind energy. United States, industry U.S. wind added power capacity 39% greater, with nearly 2% of the country's electricity is derived from windmills.
Although the figures appear to have increased global investment in terms of increased capacity of renewable energy in many countries, a report prepared by analysts Bloomberg provides an overview of damning government commitment to developing the renewable energy sector.
The report concludes that governments have provided 43 million in 2009 and 46 billion in block grants to renewable energy and biofuels industries. This been eclipsed by the $ 557 000 000 000 assigned to the fossil fuel industry over the previous year.
It is believed that lack of funding for renewable energy investors is due to an apparent lack of direct government funding. However, it appears that diets grant more are emerging in various countries to provide necessary support for the continued development of clean energy solutions.
In the United Kingdom and Germany for example, a feed-in tariff provides financial incentives for those who wish to employ small wind turbines as a way to fuel their home or small business. subsidiary plans are an important factor if the G20 countries are fulfilling their commitment to eliminate fossil fuel subsidies gradually.
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