Articles Posted in the Business category

Green energy gold rush: but not in Africa

August 14, 2008
Posted in Business

Sustainable energy is attracting a rush of investment, says the UN Environment Programme. Last year, $148-billion in new funding entered the market, up 60 percent from 2006, according to a UNEP-commissioned report, “Global Trends in Sustainable Energy Investment 2008”. But Africa is lagging behind the rest of the world in green energy finance.

Sub-Saharan Africa, “arguably the region that has the most to gain from renewable energy,” remains largely unexploited, says the report. Though it did mention that South Africa’s renewable energy targets and the commissioning of the first wind farm were signs of change. Read more