Global Investment in Renewable Energy Stalled Due to Subsidy Cuts
February 26, 2018
As subsidies for wind and solar power have been slashed around the world, the growth in renewable power has stalled.
"Since 2011, global investment in renewable energy was almost flat as countries cut their renewable subsidies. Investment in 2017 increased by just one percent in the United States, but declined in many areas of the globe. In Japan, investment was down by 16 percent, in India by 20 percent, in Germany by 26 percent, and in the United Kingdom by 56 percent. China is the anomaly where renewable energy investment increased by around 30 percent. Despite that increase, total global investment in renewables increased by just 3 percent in 2017."