Renewable Energy Investment Sinks

Link to Bloomberg.

Clean energy investment slid 11 percent last year after governments in industrial nations slashed subsidies for technologies ranging from wind turbines to solar power and biomass.

The $268.7 billion invested in the industry last year was down from a record $302.3 billion in 2011, the second highest reading ever and was five times the level in 2004, according to data compiled by Bloomberg New Energy Finance.

Investment fell 32 percent in the U.S., 51 percent in Italy, 68 percent in Spain and 44 percent in India. That offset gains in China and from small hydropower projects, which were among the few bright spots in the report released today. 

Even as US CO2 emissions went to 20-year lows.  Time for China and India to do their part.