Clean energy investments dropped 17 percent in first quarter

A downturn in the US and China paired with the lack of British offshore wind turbines has resulted in a decline in global investments in renewable energy, according to new data. However, the future still holds promise.

Over the first three months of this year, a sum of USD 53.6 billion (EUR 50.4 billion) was invested around the world in renewable energy such as wind, solar, and biomass. This is 17 percent less than during the same period last year and it is the lowest amount for a first quarter since 2013, according to a study by Bloomberg New Energy Finance (BNEF).

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