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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

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.