Clean Energy Investment Continues to Fall

10/15/2013 |

Clean energy investment falls in the U.S.

Global investment in clean energy is down 14% from the previous quarter, according to Bloomberg New Energy Finance (BNEF).

“The latest setback reflects policy uncertainty in Europe, the lure of cheap gas in the US, a levelling-off in wind and solar investment in China, and a general weakening of political will in major economies,” says Michael Liebreich, chief executive of BNEF. “Governments accept that the world has a major problem with climate change but, for the moment, appear too engrossed in short-term domestic issues to take the decisive action needed.”

The U.S. saw its total fall to $5.5 billion in Q3, down from $9.4 billion in the previous quarter. The only countries to see a rise in investment both over the previous quarter and year was Canada, Chile, and Uruguay.

Investment in small-scale capacity of less than 1MW – mostly rooftop solar on homes and commercial buildings – was more resilient, at $17 billion in Q3, level with the previous quarter and below third quarter 2012′s $20.1 billion only because the cost of PV panels has come down so sharply.

The full report can be read on BNEF’s website.

Related Coverage

antalya escort
escort antalya
xxx movies ladyhammer casino
18 film izle
ankara escort
replica watches
istanbul escort
British Shorthair Cat
manavgat eskort