Clean Energy Sector
Reliable and cost-effective energy supply is a common element underpinning the development of modern civilisations. Significant amounts of investment are now being directed at what is a new industry - the clean energy sector. Examples include:
- According to the United Nations Energy Programme, investment in renewable energy in 2006 was US$71 billion, up 46 per cent on investment in 2005.
- The Stern Report released in 2007 estimates that the market for low-carbon energy products will be worth around US$500billion by 2050.
- Global carbon emissions trading worth $21 billion in 2006 (up from $10b in 2005).
Clean energy technologies include traditional renewable energy technologies such as wind, hydro-electricity, solar as well as wave, biofuels, geothermal and clean coal technologies.
- First Government grant payment received for CETO desalination pilot
- Contract awarded for detailed design of desalination pilot
- Planning has started to align desalination pilot construction with Perth Wave Energy Project Read more
- Wave energy Foreshore licence approved for West Coast Ireland
- Site between Freagh Point and Spanish Point, Co. Clare.
- Investigation activities expected to commence in 2013 Read more
- $8.5 million received from Share Purchase Plan
- Commitments for further $1 million Private Placement received Read more