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Australia sets up new renewable energy agency

Global green energy investments up as Australia consolidates action, Voxy News, NZ,  8 July, 2011 , Investments in renewable energy globally are up 32% increase in in 2010, according to a new United Nations report. Significantly, developing nations spent more on renewable energy utility projects, $72 billion, than developed ones, at $70 billion.

China led all nations with $49.8 billion in investments in 2010, ahead of German spending of $41 billion and U.S. spending of $29.6 billion.

The report has been released at the same time Australia has announced new independent statutory body, to be named the Australian Renewable Energy Agency (ARENA), to lead the Australian Government’s investments in renewable energy…. http://www.voxy.co.nz/business/global-green-energy-investments-australia-consolidates-action/5/94521

July 8, 2011 - Posted by | AUSTRALIA, renewable

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