Clean energy investment decline deepens in 2013

Policy uncertainty, plunging solar costs and shale gas have delivered a second year of clean energy investment decline globally say researchers

The global clean energy sector has experienced its second consecutive year of decline, falling 12% to $254bn in 2013, according to research by Bloomberg New Energy Finance.

The fall wiped $34.9bn off the 2012 total of $288.9bn, according to the findings presented at the 2014 Investor Summit on Climate Risk at the UN in New York on 15 January.

It comes on top of a 9% drop in 2012, leaving the market 20.1% below its 2011 peak by the end of last year.

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