The U.S. and China are still the two best places in the world for investment in renewable energy sources (RES), shows the latest global survey of Ernst & Young “renewable energy – an index of the attractiveness of countries. Currently, when restoration began to speak of the world economy by the global economic crisis, access to capital remained the biggest challenge facing the sector of renewable energy sources. The U.S. budget for 2011 announced in February 2010, includes a commitment in 2012 to double generating capacity of renewable energy. The country’s interior ministry also has plans to develop such energy sources. China changed its law on renewable energy sources to help increase the amount of green energy. The Chinese government plans to establish a new National Fund for funding scientific research and development of products and systems sector of renewable energies.
Shortage of capital
At a time when capital markets are under pressure and expectations are that this situation will persist for some time, access to capital will be the most serious challenge. “Energy markets in the world are increasingly competing for the attention of new investors. There is also competition between different infrastructure sectors and without inadequate capital. Economic crisis, in particular the crisis in lending led to a contraction of the activities of investors.
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Last year Japan remained the second-highest in the world economy. Leader continues to be the United States. Despite the recession, which plunged the country, it is slightly ahead of China, according to statistics released today by the government, which relies agency Reuters. Gross domestic product (GDP) of Japan in 2009 amounted to 474 924 billion yen in par value or $ 5075 billion. The Japanese economy recorded Gross domestic product growth of three consecutive quarters, the growth in September – December 2009 due to increase by 5% export growth of 0.7 percent of consumption and 1% increase in investment in equipment. According to data published in January, China’s GDP for 2009 was 33 500 billion yuan, or $ 4 900 billion so Japan 40 years has managed to hold China to push it ahead.
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Bank of America intends to reimburse the U.S. government’s $ 45 billion received as state aid, said the BBC, citing the authority of the treasury, who has expressed confidence that in the coming days will bring these funds. State Bank received a loan in two tranches – last year in the wake of financial crisis and the purchase of investment bank Merrill Lynch. If the debt back to the state Bank of America will be exempt from restrictions on the distribution of bonuses to its employees, which was imposed as a condition for the provision of government loans. The debt will be back by $ 26.2 billion cash and $ 18.8 billion in securities. The results of the last months of this year the bank were not particularly good – reported losses of $ 1 billion, which in CD even worse than forecast. General Director of Bank of America Kenneth Lewis, who at the end of this year to retire, will receive for 2009, no salary or bonuses.
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Dow Jones IA and S & P 500 is traded in negative territory after yesterday’s increases, influenced by declines in energy shares after the price of oil fell for a second day. Despite the very good financial results of Microsoft and Amazon, Nasdaq Composite was also down by more than half a percent since the beginning of this week for the last trading session. The oldest stock index Dow Jones IA gave up 1.25 percent to 9956.9 points, despite the remarks made by Federal Reserve Chairman Ben Bernanke that the financial crisis is resolved. The wider S & P 500 retreated by 1.39 percent to 1077.69 points. The index of technology companies by the exchange Nasdaq – Nasdaq Composite, retreated 0.54 percent to 2 153.61 points. Decrease despite the fact the news that pealbata the Amazon has increased by 69% in the third quarter, but that of Microsoft fell less than expected.
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A day after the sale has released its new operating system and Microsoft announced its results for the third quarter, the first for the fiscal year of the company, writes Bloomberg. For the period July-September the company reported profit of 3.57 billion dollars or 40 cents per share analysts’ expectations of positive financial results of 32 cents per share. Over the same period last year, the result is 18 percent lower. Revenue for the period amounted to 12.9 billion dollars or 14 percent less than sewed period of 2008. Operating costs of the company fell by by 6.9%, after being taken first large-scale redundancies in the history of 2-digit, along with the reduction of funds allocated for travel and more. Furthermore, sales of Xbox game console and Windows grew more expected.
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