Last year was not a good one for investment in green projects and technologies. The combined effect of the recession and the hangover from the failure of the Copenhagen talks saw investment levels drop sharply.
But this year is looking rosier, according to HSBC. Their analysts say in a new report:
Doubts about science have been replaced by the realities of extreme events and rising commodity prices. The shocks to European renewables incentives sparked by the fiscal crisis appear to have run their course, and efforts to drive energy efficiency will be intensified in the EU in the next 12 months.