Climate Changed

Global Clean Energy Funding Dips 8% as China Cools Solar Boom

Worldwide spending reached $332.1 billion in 2018: BNEF report
Solar investment in China declined 53% amid subsidy cuts

CECEP Group's Solar Farm As China Sets New Renewables Goals — Photographer: Qilai Shen/Bloomberg

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By Jim Efstathiou Jr

January 16, 2019 at 1:00 PM UTC

This article is for subscribers only.

Global funding for clean-energy projects sagged in 2018 after China’s decision to curb subsidies dragged down installations in the world’s biggest solar market.

Investment in wind and solar energy, along with technologies like smart power meters, reached $332.1 billion last year, down 8 percent from 2017, according to a report Wednesday from BloombergNEF.