New Sustainable Energy Finance Directory Date: 8th February 2005 A new version of the Sustainable Energy Finance Directory was launched today by the Sustainable Energy Finance Initiative (SEFI) - a platform that provides financiers with the tools, support and networks needed to successfully invest in the sustainable energy sector.
"The Directory is a comprehensive online database of lenders and investors active in the renewable energy and energy efficiency sectors", says Virginia Sonntag-O'Brien of BASE, which manages the Directory with the Energy Branch of the United Nations Environment Programme (UNEP) and the UNEP Finance Initiative.
Now approaching two hundred entries, the Sustainable Energy Finance Directory is designed to help project developers and entrepreneurs identify sources of capital for their clean energy projects or businesses. "The Directory can be quickly browsed by region, while a more thorough search can be made after completing a simple and free registration process," explains Sonntag-O'Brien.
New information tools such as the Directory are important because trillions of dollars will be invested worldwide in the next twenty years to meet the rising global energy demand. However, if 'status quo' investment trends continue, most of this capital will flow into conventional energy systems that rely on heavily polluting fossil fuels.
"We need a concerted effort to direct finance towards cleaner energy options", explains UNEP Energy's Eric Usher. "Without such an effort, current levels of investment in the sustainable energy sector will clearly not be enough to reduce the increasingly harmful environmental impacts of today's energy mix - particularly climate change."
These impacts - energy poverty in developing countries, energy security in developed countries, and environmental improvement in all regions - need to be tackled quickly. And while clean energy technologies are largely ready to meet the challenges posed by this growing energy demand, substantial investment barriers (lack of information, networks, understanding,...) still exist for potential investors.
The decision to offer the Directory without a subscription fee is part of SEFI's aim to provide valuable and current information that helps project developers and entrepreneurs lower the costs of raising capital, one of the biggest barriers to scaling up in a new sector.
"The challenge is to attract increased investment to sustainable energy systems by providing information and developing partnerships that can help shift sustainable energy from the margins of energy supply to the mainstream," Usher concludes.
The Sustainable Energy Finance Directory can be found at www.sef-directory.net or click on the link below.
Information on the Sustainable Energy Finance Initiative can be found at www.sefi.unep.org
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