Emerging markets dominated investment in clean energy in the first quarter of 2018, with more than 40% of funding going to projects in China, while there were notable developments in Mexico, Morocco, Indonesia and Vietnam. Using slightly different criteria, Clean Energy Pipeline said that the figure was $62.1 billion. Despite China’s dominance, the $26 billion invested in clean energy from January to March was 27% less than the first three months last year. “The global first quarter figures are the lowest for any quarter since 3Q 2016, but it’s too early to predict a fall in annual investment this year,” said Abraham Louw, clean energy investment analyst at BNEF. “If 2017 was a year of recovery, then 2018 looks to be the year where clean energy financing reaches the heights set from a few years prior,” said Chenwu Qian, senior data analyst at Clean Energy Pipeline.

Source: Forbes April 30, 2018 13:52 UTC