The Alternative Energy blog – green renewable alternative energy

A senior American energy official says the BP oil disaster in the Gulf of Mexico dramatically illustrates the need for investing in renewable sources of energy. David Sandalow, a US assistant energy secretary, said yesterday that the oil spill is a "tragic situation" that "underscores the need for a transition to a clean energy economy." Sandalow was speaking during a meeting of international officials in Abu Dhabi, the capital of the United Arab Emirates. The oil-rich sheikdom is investing heavily Read more [...]

The UK Government announced plans this week to launch a Green Investment Bank. Chancellor of the Exchequer George Osborne said in his Budget document that the government is "determined" to address barriers to a low carbon economy, and states: "Following the Spending Review, the Government will put forward detailed proposals on the creation of a Green Investment Bank to help the UK meet the low-carbon investment challenge. "The Government is considering a wide range of options for the scope and Read more [...]