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."