Europe - Renewable energy company stocks boosted by 'Kyoto Effect'

GEIX index completes its first quarter

The New Energy Finance's Global Energy Innovation Index (GEIX) has currently completed the first quarter since its launch. Although as a whole the GEIX is only up 0.25% since the beginning of 2005, closer analysis shows a potentially significant "Kyoto Effect". The 20 constituent companies of the GEIX, which are quoted in countries that signed the Kyoto Protocol, are up by an average of 21.9%. By contrast, the 30 GEIX constituents quoted in the U.S and Australia, which did not sign the Kyoto Protocol, are down by an average of 13.3%. The GEIX tracks the performance of the largest 50 pure-play quoted renewable and low-carbon energy technology companies worldwide.

"It is too early to tell whether this 'Kyoto Effect' is a one-off, or whether it will drive a sustained divergence in the value of new energy stocks in Kyoto and non-Kyoto countries. However, it does indicate that Kyoto has improved the prospects of European renewable energy technology companies vis-à-vis their U.S. counterparts," said Michael Liebreich, CEO and founder of New Energy Finance. "Despite this, we are still seeing more energy technology start-ups being created in the U.S., than in Europe because there is such a strong entrepreneurial culture there, so the game is by no means over."
Online editorial www.windfair.net
Trevor Sievert, Online Editorial Journalist
Europe, Kyoto, wind energy, renewable energy, wind power, wind farm, wind turbine, rotor-blade, offshore, onshore

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