Clean Energy Investment Falls 22% as Subsidy Cuts Stall Projects
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Clean energy investment slid 22 percent to its lowest level in four years as nations pared subsidies for technologies from wind turbines to solar power and financing in China and Brazil stalled.
The $40.6 billion invested in the industry in the first three months of this year was lower than any quarter since 2009 and compares with $52 billion in the same period last year, according to data compiled by Bloomberg New Energy Finance.