Clean energy investments worldwide slid 22 percent in 1Q13 to $40.6 billion, their lowest level in four years, according to Bloomberg New Energy Finance (BNEF). The biggest declines were in the U.S. (54 percent), Europe (25 percent), and China (15 percent), while investments in Asia were robust: $8.2 billion in Japan, and the rest of Asia ex-India and China increased 47 percent to $10.1 billion. Asset finance (equity, debt, and balance sheet funds) for utility-scale projects dropped off 34 percent to $19.3 billion. VC and private equity (PE) funds fell 29 percent year-on-year to $1.3 billion.