Global Clean Investment Falls 17% as China Pullback Takes Its Toll

Investment in what most call clean technologies dropped by 17% over the first half of the year, as China switched from subsidies to a market-based approach to those industries, a report from Rhodium Group has revealed. Investments in things such as wind and solar power rose in other parts of the world, but China’s decline more than offset that growth because of China’s position as the top investor in clean tech, far ahead of everyone else. “Geographically, the decline ?was driven by China, the world’s largest cleantech investor, where a shift to market-based pricing put pressure on new renewable power…