|Updated: 5/16/2006; 11:10:29 AM.
|Ken Novak's Weblog
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Tuesday, October 21, 2003
UNEP Launches New Initiative to Shift Investment to Sustainable Energy
: "Noting that large centralized fossil-fuelled power stations supported by large centralized distribution systems will continue to be vulnerable, Mr. Toepfer launched the UNEP Sustainable Energy Finance Initiative (SEFI) aimed at engaging the finance sector to invest in renewable energy and energy efficiency. Although sustainable energy technologies such as solar cells and wind generators have advanced rapidly, Mr. Toepfer said the transaction costs and market uncertainty of many renewable energy projects has lead most financiers to adopt a "wait-and-see" attitude, which is compounded by an overall lack of information, experience and the tools needed to quantify, mitigate and hedge project and financial product risks. With support from the United Nations Foundation (UNF), SEFI will help mainstream financiers overcome these barriers and consider renewable energy and energy efficiency as not just niche investments, but key components of secure energy systems based on truly sustainable forms of energy." 10:35:47 AM
Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 11:10:29 AM.