World clean energy investment falls for second year running

Alternative_EnergiesGlobal investment in renewable energy and smart technologies dropped by 11% in 2013, having fallen by 10% in 2012, according to data from Bloomberg New Energy Finance (NEF).

Global investment in clean energy stood at $254 billion (£155bn) last year, down from $286bn in 2012 and a record $318bn in 2011.

The falling cost of solar panels and a lack of investor confidence caused by policy challenges in Europe and the United States were blamed for the fall.

Investment dipped by 3.8% in China and fell by 8.4% in the US, but plunged by 41% in Europe as countries including France, Germany and Italy cut their subsidies.

In contrast, Japanese investment soared by 55% thanks to a surge in demand for solar panels following the closure of the country’s nuclear power stations.

Michael Liebreich, founder and chairman of the advisory board for Bloomberg NEF, said:

“A second successive year of decline in investment will come as unwelcome news to the clean energy sector, but the top-line figures don’t tell the whole story.

“Investment in Europe crashed, in large part because of the falling cost of solar installations, whose volume worldwide actually grew by around 20% to a new record.

“Outside Europe, the picture was mixed, with some countries increasing and others reducing investment, and Japan the clear leader in terms of growth.”

 

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed