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IPFS News Link • Energy

Costs Down, Profits Up: Green Energy Looking Good, Says UN

•, Jacob Chamberlain
 Costs are down, profits are up, and renewable energy is contributing an increasing amount of electricity to the world's energy grids, according to a report published Monday by the United Nations. With that information in mind, governments must now "re-evaluate investment priorities, shift incentives, build capacity and improve governance structures” to shift towards a green energy system, the authors urge.

The report, conducted by the United Nations Environment Programme (UNEP) and Bloomberg New Energy Finance, reveals renewable energy sources such as wind and solar are showing "many positive signals of a dynamic market that is fast evolving and maturing," stated Achim Steiner, the U.N. under-secretary-general and executive director of UNEP.