January 29, 2007

January 26, 2007
Swiss Firms Fall Behind in Green Energy Boom
Bern, Switzerland [swissinfo] The Swiss economy is missing out on a clean energy-powered bonanza because of a limited internal market, lack of innovation and the slow pace of incentive reform. Despite some success stories, Switzerland has lost its leading edge and allowed other countries to cash in on soaring sector profits, according to industry expert Rolf Wustenhagen. The unpredictable price and supply of oil coupled with global warming fears have led to an increasing demand for renewable energy in recent years. ... But Wustenhagen does draw some comfort from the experiences of Germany that now has a number of successful financial incentives in place to encourage green energy innovation.