26 March 2012 - In the nearly four years that have elapsed since the collapse of Lehman Brothers and the onset of the global financial crisis, the economic news coming across the Atlantic from Europe to American has been almost unrelentingly bad.
The Eurozone crisis. Threats of sovereign debt default. Staggeringly high unemployment. The role back of government incentives.
Yet somehow in the renewable energy sector, deals continued to be made and projects continued to find those willing – scratch that – eager to finance them.
How could that be? We wondered.
How was it that in the worst possible days for the continent’s banks and financial infrastructure, dreamers could still dream big and have a reasonable expectation that their wind farm, solar facility or tidal energy array could indeed rise up along the horizon?
Hoping to get a handle on this, we turned first to that London bastion of intellectual ideas, Chatham House, and to Kirsty Hamilton, an associate fellow at the independent public policy institute specializing in climate change and energy policy.
Chatham House, of course, is probably best known around the world for its promulgating the “Chatham House rule.”
Those who abide by it understand that participants in any meeting or discussion held under its auspices are free to use any information received, so long as they agree that neither the identity nor the affiliation of the speaker(s), nor that of any other participant, many be revealed. read more>>>
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