Report: Global clean-energy spending shrank in Q1

04/14/2013 | Bloomberg

Global investments in clean energy dropped to $40.6 billion in the first quarter, down 22% from the same period in 2012 and the lowest quarterly total since 2009, according to data gathered by Bloomberg New Energy Finance. The report attributed the decline to reduced government incentives and financing difficulties in China and Brazil. In the U.S., investments in renewable energy, energy efficiency and energy-smart technologies dropped 54% in the quarter, compared with 15% in China and 25% in Europe, the report stated.

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