Cuts threaten green energy growth

[Aurora]

The Guardian - 28/02/11

Ernst & Young will on Monday release the latest analysis of global renewable energy markets with a warning that government spending cuts are threatening to undermine the industry's continued expansion.

The latest update of the consultancy giant's Renewable Energy Country Attractiveness Indices confirms that overall investment in clean energy hit record levels during 2010, rising 30 per cent year-on-year to $243bn, according to figures from analyst firm Bloomberg Energy Finance.

However, the report, which rates countries based on their renewable energy policies, technologies and infrastructure, found significant country-to-country variations in the level of support available to renewable energy projects.

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