Spectrum | DW-TV EUROPA | 08.07.08 | 04:30 UTC

Huge Potential for Wind Power in the United States

According to an analysis issued on July 1 by the UN Environment Programme (UNEP), climate change worries, growing support from world governments, rising oil prices and ongoing energy security concerns combined to fuel another record-setting year of investment in the renewable energy and energy efficiency industries in 2007.

According to the report, “Global Trends in Sustainable Energy Investment 2008,” over $148 billion in new funding entered the sustainable energy sector globally last year, up 60% from 2006, even as a credit crunch roiled financial markets.Wind energy again attracted the most investment ($50.2 billion in 2007), but solar power grew most rapidly -- attracting some $28.6 billion of new capital and growing at an average annual rate of 254% since 2004.

However, experts warn that in the fight against global climate change, there is no silver bullet. Still, renewable energy will play a significant part. For instance, a recent US government report forecasts wind energy will amount to more than a slight breeze in powering the country. Laura Iiyama has more from Washington.

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