by GWPF, July 12, 2019 in FinacialTimes
Investment in clean energy slipped to $117.6bn, a decline of 14 per cent compared with the same period last year, according to new research from Bloomberg New Energy Finance.
A sudden change in China’s renewable energy policies last year — when it curbed solar and wind subsidies — has dramatically reduced the number of new projects in the world’s largest market.
Clean energy investment in China was down 39 per cent during the first half of this year, compared with the same period last year.
However, those figures could improve later this year, suggested Justin Wu, BNEF’s head of Asia-Pacific.