Clean Energy Investment Headed for Second Annual Decline
Clean-energy investment fell 14 percent in the third quarter from the prior three months as Europe curbed subsidies and cheaper U.S. natural gas lured investment.
The $45.9 billion spent makes it “almost certain” that annual investment in renewables and energy-smart technologies will fall for the second consecutive year from $281 billion in 2012, Bloomberg New Energy Finance said in a statement.
Investment in the quarter was 20 percent lower than the same period last year as spending in China, the U.S. and Europe fell. The U.S. saw the largest decline, sliding 41 percent to $5.5 billion, according to the London-based research company.
Europe’s clean-energy industry is retrenching after subsidies were reduced in nations from Germany to Spain, which helped propel record growth in previous years. Cheap gas in the U.S. driven by a shale-drilling boom and a reduction in China’s spending on wind power wind power also contributed to the overall decline, the London-based consultant said.
Partout sur la planète on abandonne les dispendieuses énergies vertes pour plutôt se tourner vers le très abordable gaz naturel. Au Québec, on a fait le virage inverse… Si nous sommes pauvres, ce n’est pas sans raison…