Clipping of news on Brazilian Culture, Law and Citizenship
01/16/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Global investment in renewable energy decreased by 11% in 2012 due to declines in markets like the U.S. and Europe, although countries like China avoided a major setback, according to a report published by the specialized firm Bloomberg New Energy Finance.
The document points out that last year invested U.S.$ 268.7 billion in clean energy projects, lower value before the U.S.$ 302.2 billion invested in 2011. Despite the reduction in 2012 was considered the second best year for investments, which increased five times compared to the amount invested in 2004.
"We had warned that 2012 could be worse than 2011, but rumors about the death of investments in clean energy have been greatly exaggerated," said the director of BNEF, Michael Liebreich said in a statement.
"The most important thing is that the fall has not been greater, due to the turbulence experienced by the clean energy sector in 2012, as a result of uncertainty about support policies, the budget crisis in Europe and a continued drop in the cost of technology" he said.
China and Japan grew - However, not everything is negative. The report highlights that the Chinese market grew by 20% and currently leads the ranking of investment in the sector with U.S.$ 67.7 billion. The post-Fukushima Japan increased by 75% in financial injection in the sector, with U.S.$ 16.3 billion.
But some major countries registered sharp falls, including the United States (down 32% to U.S.$ 44.2 billion), where the market has suffered the ill effects of "fiscal gap" and competition from shale gas.
India declined by 44% due to the decision of the authorities to curb investments in wind and solar, as well as countries dipped in reducing the fiscal deficit, such as Italy (-51%) and Spain (- 68%).
According to the study, other "big" European with budgets under pressure were also affected, such as France (- 35%), the UK (-17%) and Germany (-27%). (Source: G1)
Source: Environment Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.