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Clean energy investment hits lowest level since 2009


Source: Climate Spectator, 16 April 2013


Global investment in clean energy for the first quarter of 2013 was lower than any quarter for the past four years, the latest figures from research company Bloomberg New Energy Finance show.

The first quarter investment figure for renewable energy, energy efficiency, and energy-smart technologies was $US40.6 billion, 22 per cent off the equivalent period of 2012 and 38 per cent below the final quarter of last year.

The researchers said the decline reflected the effects of policy uncertainty in key markets, a lull in financings in major emerging regions and also the impact on dollar investment levels of the sharp declines in technology costs, such as solar PV.

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