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Banking experts recommend to invest in alternative energy resources

Experts recommend to invest in

According to representatives of the bank Julius Baer, alternative energy is included in the list of the most attractive investment areas along with pharmacology and health care in China.

Nowadays the investment in renewable energy resources reached the stage at which they are viewed as an opportunity for making profit in the near future. According to Andreas Feller, who occupies the post of head of investment decisions in Julius Baer, this solution is particularly relevant for the Southeast Asia countries. The prerequisites for this are high demand for electricity and an unsatisfactory environmental situation.

The experts believe that the implementation of photovoltaic technology and wind power will be more effective and cheaper in comparison with the development of traditional fuel sources.

In addition, current technologies of alternative energy have fewer risks in the financial sector compared to hydrocarbon fuel and nuclear energy.

Developed countries have already appreciated the advantages of renewable energy sources, and have started full-scale implementation of solar energy. Over the last five years, the growth of this market is about 50% annually.

Developing countries adhere to the similar policy. In particular, Chinese authorities have revised their plans for the alternative energy development by deciding to increase capacity to 20,000 MW by 2022 and 70,000 MW by 2017.

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Banking experts recommend to invest in alternative energy resources

  

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Views: 1948 Added: 28-03-2016