Renewable energy investments in developing countries are growing but this will only continue with coherent policy frameworks, experts warn.

A report, prepared by the UK-based New Energy Finance for the UN Environment Programme, shows that over US$148 billion was pumped into the global sustainable energy sector in 2007 — a 60 per cent increase from 2006.

Sustainable energy accounted for a fifth of all new power generation capacity worldwide in 2007. Wind power was most popular with investors, but solar power was the sector that grew most rapidly.

My Thoughts: How many countries are ahead of the US when it comes to developing renewable energy sources? We should be a bit embarrassed in my opinion...