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New Dominance in Renewable Energy Rises in the East

For proponents of new energy, there's some bad news and some good news.

Global renewable energy investment dropped 14 percent last year from 2012, to $214 billion, according to Bloomberg New Energy Finance (BNEF). That's 23 percent off the peak, reached in 2011, according to a new report, Global Trends in Renewable Energy Investment 2014 . The good news is the drop in investment comes largely as a result of lower prices, according to Michael Liebreich, BNEF's founder.