Clean Energy Support Falls Again to $254 Billion in 2013
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The decline in investment in renewable energy accelerated in 2013 as the cost of solar panels and wind farms fell, unsettling investor confidence in alternatives to fossil fuels.
The value of deals to finance clean energy and efficiency projects fell 12 percent to $254 billion last year, according to data compiled by Bloomberg. That’s quicker than the 9.1 percent drop in 2012 from record level of $318 billion the year before.