The environmental group Greenpeace has presented a petition of 30,000 signatures to the Australian Treasurer urging the Government to invest more in renewable energy. Members of 80 international organisations signed the statement which says that the Government should abandon investments in carbon capture and storage in favour of investment in renewables.
At the same time, the United Nations has released its annual "Global Trends in Sustainable Energy Investment" report which calculates that global investment capital flows into renewable energy reached $100 billion for the first time in history last year. "The finance community has been investing at levels that imply disruptive change is now inevitable in the energy sector," says Eric Usher, Head of the Energy Finance Unit at the UN. Usher said the UN’s "report puts full stop to the idea of renewable energy being a fringe interest of environmentalists. It is now a mainstream commercial interest to investors and bankers alike."