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NDORSED
 
BY
G
LOBAL
T
RENDS
 
IN
 S
USTAINABLE
E
NERGY
 I
NVESTMENT
2007
 Analysis of Trends and Issues in the Financing of  Renewable Energy and  Energy Efficiency in OECD and Developing Countries
 
1
Global Trends in Sustainable Energy Investment 2007
Copyright © United Nations Environment Programme and New Energy Finance Ltd. 2007
 
 This publication may be reproduced in whole or in part and in any form foreducational or non-profit purposes without special permission from the copyrightholder, provided acknowledgement of the source is made. UNEP would appreciatereceiving a copy of any publication that uses this publication as a source.No use of this publication may be made for resale or for any other commercialpurpose whatsoever without prior permission in writing from the United NationsEnvironment Programme.
Disclaimer
United Nations Environment Programme: The designations employed and thepresentation of the material in this publication do not imply the expression of anyopinion whatsoever on the part of the United Nations Environment Programmeconcerning the legal status of any country, territory, city or area or of its authorities, orconcerning delimitation of its frontiers or boundaries. Moreover, the views expresseddo not necessarily represent the decision or the stated policy of the United NationsEnvironment Programme, nor does citing of trade names or commercial processesconstitute endorsement.New Energy Finance Ltd: The information contained in this publication is derivedfrom carefully selected public sources we believe are reasonable. We do notguarantee its accuracy or completeness and nothing in this document shall beconstrued to be a representation of such a guarantee. Any opinions expressedreflect the current judgment of the author of the relevant article or features, and donot necessarily reflect the opinion of New Energy Finance Limited. The opinionspresented are subject to change without notice. New Energy Finance Limitedaccepts no responsibility for any liability arising from use of this document of its contents. New Energy Finance Limited does not consider itself to undertakeRegulated Activities as defined in Section 22 of the Financial Services andMarkets Act 2000 and is not registered with the Financial Services Authority of the UK. When quoting, please cite ‘New EnergyFinance Research’.ISBN: 978-92-807-2859-0, DTI/0985/PA
UNEP promotesenvironmentally soundpractices globally and in its ownactivities. This publication is printedon 100% recycled paper, using vege-table -based inks and other eco-friendlypractices. Our distribution policy aims toreduce UNEP’s carbon footprint.
 
 ACKNOWLEDGEMENTS
 This report was commissioned by UNEP’s Division of Technology,Industry and Economics (DTIE) under its Sustainable Energy FinanceInitiative and was produced in collaboration with New Energy FinanceLimited.
 AUTHORS
Christopher Greenwood Alice HohlerMichael Liebreich Virginia Sonntag-O’BrienEric Usher Thanks to the following experts who provided valuable guidance for thisreport:Nick Gardiner, Fortis BankSophie Justice, Royal Bank of CanadaChris Mottershead, BP
FINANCIAL SUPPORT
Support for this report was provided by the German Federal Ministry forthe Environment, Nature Conservation and Nuclear Safety and by theUnited Nations Foundation.
For more information,see
 
www.unep.fr
 
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Global Trends in Sustainable Energy Investment 2007
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