, 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.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India issues 1,870 MW renewable energy tenders in November
Major investments fuel hybrid projects and battery storage, stabilising India's grid.
Sri Lanka secures $100m loan for power sector reform
Unbundling the CEB boosts financial sustainability and opens the door for renewables.
Solar profitability rises 9% in Southeast Asia with battery integration
Stable policies and foreign investment are vital to unlock the region's solar potential.
ADB approves $650m loan to accelerate India's solar deployment
Policy reforms and loans will remove financial barriers to solar installation.