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Surge in Clean Energy Investment May Mark a Turnaround

Bloomberg : “Clean energy investment rose by 9 percent in the first quarter from a year earlier on surging demand for rooftop solar panels from the U.S. to Japan .”  

“New investment in renewable power and energy efficiency rose to $47.7 billion in the first three months of the year from $43.6 billion, Bloomberg New Energy Finance said today in an e-mailed statement.”  

“The increase may mark a turnaround. Investment in low-carbon power and energy-efficiency equipment has fallen for two years as industrialized nations pared back subsidies.”  

Two patterns are emerging: “the increasing share of small-scale solar in total investment, and the expansion of investment into more developing countries .”  

Crossposted at Wonk Wire.

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