• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 6 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 12 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 33 mins Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 hours Saudi Fund Wants to Take Tesla Private?
  • 14 mins Venezuela set to raise gasoline prices to international levels.
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 21 hours Starvation, horror in Venezuela
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 12 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 20 hours WTI @ 69.33 headed for $70s - $80s end of August
Are The Saudis Involved In The Tesla Buyout Plan?

Are The Saudis Involved In The Tesla Buyout Plan?

Saudi Arabia’s Public Investment Fund…

China Ranked as the Most Attractive Country for Renewable Energy Investments

Ernst & Young has recently assessed 40 countries to determine their attractiveness to renewable energy investors.

The All Renewable Index 2012 ranked China in the top spot once again. Despite dropping 0.2 points since the last index in May, China finished with 70.2 to clinch first place. A major factor for China being voted as the most attractive country for investors was the move to increase their solar target by 400% to 50 gigawatts by 2020 in an attempt to encourage more domestic installations and use up the oversupply of photovoltaic panels.

If China manages to achieve the renewable energy targets it has set, the IEA believes that it could provide about 40 percent of the world’s renewable energy capacity within the next five years.

The US dropped 1.5 points due to the “ongoing uncertainty over the country’s long term renewable energy strategy,” mainly caused by the upcoming presidential elections. They received 66 points which handed them a second place tie with Germany.

Despite the recent blackouts India were awarded 64.1 points, making them the fourth most attractive country for renewable energy investors. The UK came fifth with 55.3 points, beating France and Italy by 0.1. Canada, Japan, and Brazil then came eighth, ninth, and tenth respectively.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News