ByRobertCloverandJamesMagnessGreenisthenewBlackAnintroductiontotheGlobalAlternativeEnergysector*Employedbynon-USaffiliateofHSBCSecurities(USA)Inc,andisnotregistered/qualifiedpursuanttoNYSEand/orNASDregulations.PrintedbySterlingFinancialPrintLtd,London,onRevive100Mattpaperusingvegetableoil-basedinks.MadeinFrance,thepapercomprises100%de-inkedpost-consumerwaste.Pulpsusedaretotallychlorine-free.GlobalAlternativeEnergyMarch2007DisclosuresandDisclaimer.ThisreportmustbereadwiththedisclosuresandanalystcertificationsintheDisclosureappendix,andwiththeDisclaimer,thatformpartofit.WeareinitiatingcoverageoftheGlobalAlternativeEnergysector.Inthisreportweexaminethedriversoftheextraordinarylong-termgrowthpotentialthatweexpectforthesector.Weforecastthatdemandforalternativeenergywillgrowata9%CAGRto2030,withnear-termgrowthratesconsiderablyhigher.