Thursday, April 12, 2012

Clean energy investment stalls in Q1

Clean energy investment stalls in Q1 | Environment |
"Clean energy investment in the first quarter of the year was at its weakest level since the global financial crisis, according to new figures from Bloomberg New Energy Finance (BNEF) that will raise fresh questions about the impact of policy uncertainty on green business confidence.
The analyst firm reported that new financial investment in clean energy during the first three months of the year reached $27bn, down 28 per cent on the previous quarter and 22 per cent year on year. Michael Liebreich, BNEF chief executive, said the performance represented the lowest quarterly level of clean energy investment in several years.
"A $27bn quarterly figure is not a disaster, but it is the weakest since the dismal $20bn seen in the first quarter of 2009, when the financial crisis was at its worst," he said in a statement. "The weak Q1 2012 number reflects the destabilising uncertainty over future clean energy support in both the European Union (driven by the financial crisis) and the US (driven by the expiry of stimulus programmes and the electoral cycle).""
The full article can be read at the Guardian website

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