31 Oct '12, 9am

Renewable Energy Investment Continues To Leave North America

Renewable Energy Investment Continues To Leave North America

Financial woes grip the world. The American economy continues to sag, Europe teeters on the brink of collapse, and even the Chinese economy is starting to worry. In many countries, funds are being redirected towards shoring up existing industries and practices, threatening sustainable development in poor and rich countries alike. Renewable energy investment is bucking the trend, according to global investment analysts Preqin , but funds are continuing to leave North America despite a report at the beginning of the year that the US had overtaken China. The figures confirm Pew Environment’s Who’s Winning The Clean Energy Race 2011 report , which states: The United States reclaimed the top spot in the worldwide clean energy race in 2011. Because of policy uncertainty, however, its leadership is likely to be short-lived after a variety of American clean energy programs expired...

Full article: http://cleantechnica.com/2012/10/31/renewable-energy-inve...

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