NEW ENERGY SPENDING DECLINED IN 2013

Report: Clean energy investments drop globally

Ryan Honeywell, April 3, 2014 (FuelFix)

“Global investment in clean energy technology fell 11 percent to $254 billion last year, according to [ 2013 Who’s Winning the Clean Energy Race? from the Pew Charitable Trusts…which focused on the world’s top industrialized countries, known as the G-20…China continues to remain the most attractive destination for spending on clean energy, which includes renewables as well as smart meters and carbon capture. The Asian nation led the world with $54.2 billion in spending in 2013...The U.S. was second on the list, with $36.7 billion in clean energy investments last year — a 9 percent decline…Just three G-20 nations — Japan, Canada and United Kingdom — increased clean energy investments last year. Authors attributed that, in part, to a decline in financial incentives for clean energy technologies…The report also found that globally, solar power is quickly gaining ground on wind as the world’s leading source of clean energy. Last year marked the first time that more solar energy technology was installed across the globe than wind technology…” click here for more

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