2011 could see a major shift in the way in which global energy resources are viewed. This was the view of green investors, Wheb Asset Management.
According to Wheb, a vast gulf between the oil price and the S&P Clean Energy Index has started to emerge, which they see as an opportunity for the sector. Clare Brook, Fund Manager of the IM WHEB Sustainability Fund, said: “It seems as if people are re-assessing their views on energy production in general.
“Rather than just seeing renewable energy as nice to have and good for climate change, people are now realising that it really is a dramatically lower risk alternative.”
The tragic and unexpected effects of the Japanese earthquake and North African troubles over the last few weeks have been enough to force the hand of political will, according to Clare Brook.
She told ELN: “Broadly you’re going to see a renewed impetus of government support and investment in renewables worldwide and prices coming down in stark contrast to the oil price which has been rising dramatically.”
Renewables have had a positive start to the year, with Maria McCafferey of RenewableUK saying it is these technologies that will make the UK energy independent while Energy Secretary Chris Huhne has questioned the state of nuclear safety.