Peak Renewable Energy Investment Seen Holding Back Climate Fight
- Investment will fall 15% or more this year after peak in 2015
- Wind and solar power-generation capacity will keep rising
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Renewable energy investment probably has reached a peak of $349 billion that won’t be surpassed for at least five years, signaling a lull in the global fight against climate change.
That’s the outlook from Michael Liebreich, founder of Bloomberg New Energy Finance, who predicted funding for wind, solar and other clean-energy projects will probably fall at least 15 percent this year. At a conference in Shanghai on Tuesday, he outlined how the industry’s capacity to generate power will keep growing even with lower investment.