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Investors see renewable energy looking good, nuclear energy looking crap

Renewable energy prospects rise with nuclear unease | EurActiv: 01 April 2011 Public unease about nuclear power after the Fukushima disaster is prompting renewed scrutiny of renewable power options by governments across the world. Following temporary moratoriums on the nuclear industry imposed in Germany and Switzerland, Japan is planning a review of energy options such as solar power.

China may double its target for photovoltaic activity, while Taiwan is also considering axing nuclear output. Investors are betting on an energy shake up, carrying world benchmark indexes to their highest in 14 months.

The global FTSE Cleantech index has spiked more than 8% since Japan’s earthquake struck on 11 March.The WilderHill New Energy Global Innovation index of alternative energy stocks has gained around 12%…….Whatever their exact outcome, the Fukushima events are likely to shift the energy policy balance toward renewables,” Pricewaterhouse Coopers (PwC) said in a report on 28 March.

Robin Batchelor, a fund manager at BlackRock in charge of $8.2 billion in energy-related funds, said that Fukushima might have brought renewables into focus for fund managers….Renewable energy prospects rise with nuclear unease | EurActiv

April 2, 2011 - Posted by Christina Macpherson | 2 WORLD, renewable