“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.