As equity markets seem to be paralyzed, we observe positive news flow from the clean energy industry:

Firstly, the Californian Governor - Arnold Schwarzenegger - has declared to support a change in law, which would oblige utilities to source one third of their power from renewable sources until 2030. Globally speaking, not one industry nation has comparable high targets.

Secondly, the French Government has announced to increase the installed capacity of solar cells from currently 13 MW up to 5,400 MW until 2020.

Thirdly, under the leadership of the French Presidency, the EU is moving towards an ambitious climate and energy package, which is based on two main pillars: (i) Allocation of CO2 emissions exclusively by means of auctions, (ii) increase of the power share from renewable energy up to 1,250 TWh (this is more than twice the German power consumption). On December 11, the EU members will vote on this package.

Fourthly, on November 18, Merrill Lynch declared the mega trend towards renewable energies as the sixth technological revolution in the human history since 1771. Fifth, on November 12, the International Energy Agency (IEA) published its new version of the World Energy Outlook. The IEA predicts that half of all investments in power plants will be linked to renewable projects until 2030. That would correspond to an overall amount of USD 3.3 trillion