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.