Economics
Clean Energy Investment Dropped 43% in Worst Quarter Since 2013
- Slowdown in Europe and Asia reduced spending to $42.4 billion
- Renewable investments ‘worryingly low,’ Liebreich says
The Ivanpah Solar Electric Generating System sits in the desert on March 10, 2014 in the Mojave Desert in California near Primm, Nevada.
Photographer: Jacob Kepler/BloombergThis article is for subscribers only.
Global investment in clean energy fell to the lowest in more than three years as demand for new renewable energy sources slumped in China, Japan and Europe.
Third-quarter spending was $42.4 billion, down 43 percent from the same period last year and the lowest since the $41.8 billion reported in the first quarter of 2013, Bloomberg New Energy Finance said in a report Monday.