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Sustainable Energy Revolution Grows, Says Bloomberg Report

Some good news for the Clean Energy sector - a report showing increased investment in sustainable energy in the US. Can Canada also position itself to become a sustainable energy global powerhouse, along with the US and China?

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Wednesday, February 4, 2015
Anastasia Pantsios
EcoWatch
Image: $447.6bn invested in US Clean Energy in the last decade
$447.6bn invested in US Clean Energy in the last decade

The third annual Sustainable Energy in America Factbook released today documents the continuing dramatic changes in how the U.S. produces, delivers and consumes energy, and makes some projections and predictions about the direction of the energy sector in the future. The report was researched and produced by Bloomberg New Energy Finance and commissioned by The Business Council for Sustainable Energy....

The report backs up what other studies have been showing—that despite strong resistance on the part of the fossil-fuel sector and some policymakers, a new way of thinking about energy is taking hold. The factbook points to four significant trends:

  • the advance in infrastructure projects and technology to accommodate new forms of energy;
  • more capital flowing to projects aimed at sustainable energy development with the U.S. attracting the second highest number of dollars after China;
  • companies with high energy-related costs gravitating to the U.S.; and
  • government policies that favor the development of clean energy sources.
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