The World's #1 Renewable Energy Network for News, Information, and Companies.

Clean Energy Investment Rises in Several Countries Amid Global Decline

Clean Energy Investment Rises in Several Countries Amid Global Decline

Three G-20 nations saw an increase in clean-energy investments last year even as funding declined globally for the second consecutive year, according to The Pew Charitable Trusts.

Spending in Japan increased 80 percent to $28.6 billion, almost doubling the nation’s solar capacity, Canada spent 45 percent more at $6.5 billion and the U.K. spent 13 percent more at $12.4 billion, according to a Pew report released today.

That made Japan the third-biggest market for renewables, after China and the U.S. The U.K. came in fourth.

“Despite a slow recovery from a global recession and damaging policy uncertainty, the clean energy industry has established itself as a $250 billion component of the world economy,” Phyllis Cuttino, director of Pew’s clean energy program, said in an e-mailed statement.

Global investment last year declined 11 percent to $254 million, according to Pew. In 2012, spending fell 9 percent from a record $318 billion in 2011.

Copyright 2014 Bloomberg

Lead image: Graph up via Shutterstock

RELATED ARTICLES

Gavel

Three Chinese Solar Panel Groups Lose Exemption From EU Tariffs

Jonathan Stearns, Bloomberg

The European Union applied tariffs on three groups of Chinese solar-panel makers that have been exempted from the levies, potentially reviving tensions in the EU’s biggest trade case of its kind.

Stock graph

Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt

Cordell Eddings, Bloomberg Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new iss...
Loss and profit binders

Yingli May Return to Profitability in Second Half, CFO Says

Justin Doom, Bloomberg

Yingli Green Energy Holding Co., a Chinese solar manufacturer that hasn’t reported income in almost four years, may return to profitability in the second half, the chief financial officer said.

Students and solar powered cars with energy storage

Rain or Shine, Students Keep Their Solar Race Cars Going with Energy Storage

Wayne Hicks, NREL Teegan and Kira Cordova love the original Star Trek TV series. That much is obvious. The eighth-grade twins from Ken Caryl Middle School in Littleton are wearing the uniform tunics from the 1960s show — Teegan's in red and...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

PV-301: Advanced PV Design & Installation

This highly desirable and advanced course is intended for the profession...

PV-401: Advanced Field Training

Real world on the job solar installation, training, and experience is th...

PV-201: Introduction to PV Design & Installation

PV 201 Introduction to PV Design & Installation is simply the best i...

COMPANY BLOGS

Community Solar Solutions Appeal to Eco-Conscious Millennials

Tech savvy and convenience oriented, the millennial generation is the mo...

Building Rapport

How do you build rapport with your prospect? This is a question that I a...

Up to Bat – Why More Solar Companies Are Thinking Seriously About A...

Given the growth of the solar industry in the U.S., with 2014 year-...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS