ENVIRONMENT | Staff Reporter, China

Clean energy spending drops 18% as China's growth slows down

The drop to $287.5b is the first since 2013.

Bloomberg reported that global investments in renewable power dropped the most on record in 2016 as demand in China and Japan faltered.

Worldwide spending on clean energy fell 18 percent from 2015’s record high to $287.5 billion, according to a report Thursday by Bloomberg New Energy Finance. It was the first decline since 2013 and comes as environmental policies face pressure from populist movements that have fueled the rise of Donald Trump, the U.K. Independence Party and others.

View the full report from Bloomberg here.

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