NEW YORK ( TheStreet) -- Over the past year, the alternative energy sector has been hit hard by the global recession and cascading fall in crude oil prices. However, as economies recover, crude gets a bit more expensive and alternative energy dominates political agendas, the sector is likely to reap some benefits.Most recently, governments around the world came to an agreement to reduce carbon dioxide emissions by pledging an aggregate amount of $100 billion per year to aid developing nations in adopting cleaner and greener energy technology. Additionally, nations like China, India and Brazil continue to focus and invest heavily in solar and wind power, with China expected to allocate more than $450 billion to the wind and solar power industries over the next five years.
Alternative Energy ETFs Could Shine
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