|Steep Drop of Green Investments, despite Obamanomics|
|by Tom McGregor||Wed, Jan 16, 2013, 01:35 AM|
President Barack Obama wants to spark a so-called Green Revolution and encourage more investments into eco-friendly energy resources. Nevertheless, his strategy appears to have backfired as more green companies are headed towards bankruptcy.
The Houston Chronicle reports that, "global investments in clean energy dropped 11 percent in 2012, a dip blamed on regulatory uncertainty and policy changes in markets including the United States, India, Spain and Italy."
The research firm, Bloomberg New Energy Finance, discovered that lower prices for solar and wind technology had lowered investment volumes, although there had been higher installation levels per dollar of funding.
According to the Houston Chronicle, "overall global investment in clean energy was $268.7 billion in 2012, down from $302.3 billion in 2011, according to the firm."
China ranked number one as the world's top green investor, up more than 20 percent, due mainly to the nation’s surging solar sector.
To read the entire article from the Houston Chronicle, link here:
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