Clean Energy Investment Falls Worldwide

Clean Energy Investment Falls Worldwide
Clean Energy Investment Falls Worldwide

The UN registered alarm this week as green investments fell in 2013 for the second straight year. The figure was $254 billion, down 12 percent from $289 billion in 2012, which was itself a 9 percent drop form the peak of $318 billion in 2011. Altogether, clean energy investments have soared from only $44 billion in 2004.

According to Talk Radio News Service:

"Bloomberg NEF CEO Michael Liebreich said the 8.4% drop seen in U.S. investment owed itself to `policy uncertainty` and the `on again, off again` nature of American subsidies for green energy technologies. `Very cheap natural gas due to unconventional shale gas fracking' also contributed to an easing of clean energy investment.

"The global landscape was also a mixed picture, with China experiencing its first drop in investment in 10 years, while `very big problems supporting the sector' in Europe lead to a 40% reduction in investment. Post-Fukushima Japan, however, stood out as a bright spot on the investment map, with the country having "`emoved all the barriers that it can' on support for solar and wind energy projects."

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