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Clean Energy Investment Dropped 43% in Worst Quarter Since 2013

  • Slowdown in Europe and Asia reduced spending to $42.4 billion
  • Renewable investments ‘worryingly low,’ Liebreich says
The Ivanpah Solar Electric Generating System sits in the desert on March 10, 2014 in the Mojave Desert in California near Primm, Nevada.
Photographer: Jacob Kepler/Bloomberg

Global investment in clean energy fell to the lowest in more than three years as demand for new renewable energy sources slumped in China, Japan and Europe.

Third-quarter spending was $42.4 billion, down 43 percent from the same period last year and the lowest since the $41.8 billion reported in the first quarter of 2013, Bloomberg New Energy Finance said in a report Monday.