Business

Economic turmoil and sustainable investments

With the economic turmoil around the world and a crisis dubbed as the largest one since 1929, it is normal to wonder if sustainable investments and clean technologies will be hit. EcoGeek – a reference website on all green technologies, gizmos and investments – proposed an article last week that allow us to better grasp …

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EDF takes over British Energy for 15.7 billion €

The French national utility Electricité de France – known as EDF – is beginning to take over the UK company British Energy for an estimated cost of 15.7 billion Euros (or $23 billion). According to the Financial Times quoted below, this is the largest international expansion plan for EDF. The company plans to build at …

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A green recovery for our economies is possible

Last weeks were horrendous for our financial institutions and economies. Many concerns arise in Europe and around the world over GDP growth which is due to be low in 2008 and 2009. What if building a greener and more sustainable world actually brought economic growth, millions of jobs and most important of all, hope of …

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Investments in renewable energies are booming

According to the UNEP, multiple factors are benefiting renewable energies as world investment in this sector rose by 60 percent in 2007 compared to 2006. Investment reached last year $148 billion (93 billion euros) and this trend is most likely to continue as forecasts mention $600 billion per year by 2020. As we can see, …

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IEA urges for a technology revolution

The International Energy Agency released today an interesting report urging once again its members to work on technologies that might solve the energy-climate equation. Stating that it is now or never, the experts believe that if nothing was done CO2 emissions would soar by 130 percent by mid century when in the opposite, they need …

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Nicholas Stern’s new report on climate change mitigation

Lord Nicholas Stern released last month a new report on climate change mitigation : Key Elements of a Global Deal on Climate Change (pdf). It focuses on the increasing risks of inaction and stresses that the commitments of both developed and developing countries are vital. To the AFP quoting Lord Stern, he underestimated the threat …

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Huge European investments in renewables

According to Greentech Media, European utilities are “major movers in the renewable energy space“. They also are becoming global leaders compared to their US competitors. So far, more than 86 Gigawatts of renewable electricity capacity have been installed and an additional 100 GW are to be implemented by the eight “green giants”. This concerns companies …

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The meteoritic rise of renewables

According to the latest report of the Renewable Energy Policy Network for the 21st century (REN21), renewable energies are witnessing an important increase. Indeed global generating capacity of grid-connected solar photovoltaic rose by 52 percent and wind power by 28 percent in 2007, compared to 2006. These renewables are due to have a bright future, …

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