The January 19, 2010 issue of the Financial Times commented that the Copenhagen Climate Change meeting did not provide enough certainty to influence any business decision. Since most renewable technologies are not competitive with fossil fuels unless backed by government support a failure to reach a political commitment could be fatal. The countries that made the strongest objection to the progress of the talks were oil producing States such as Venezuela, Sudan and Saude Arabia
The Renewable Energy Industry worldwide still has enough momentum to sustain contnued growth. For the future the decisive factors will be the Politics, the economics of the energy industry and the science of Climate Change. If the evidence of the negative impact of global warming mounts then the uncertainty for Clean Energy will dissappear.
Apart from the Financial Times the above chart shows the 4th Quarter 2009 cost of producing electricity ($/mega watt hour). From Bloomberg New Energy Finance
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