The latest research available to Financial Soultions, released late last week shows a 22% fall in global investment into clean-energy companies, with government funding being counteracted by internationally rigid credit markets.
In the quarter from July to September, a total of $25.9 billion of new global investment was seen, dropping by 9% from the 2nd quarter and down 22% from the same time a year back.
The report by New Energy Finance did however indicate that this sphere does seem to be moving toward a recovery, with governments globally pumping more backing into alternative energy projects. The EU recently announced an investment plan to put it on a par with Asia and North America in green technology development, and China has made huge financial inroads lately into wind energy. Overall, the report shows a dramatic growth in investor confidence from the 1st quarter.
Financial Soultions understands that many forecasters see a turnaround occurring in 2010 with many hoping for a strong treaty to replace the Kyoto Accord to emerge from the December climate talks in Copenhagen, but they also caution that a lot depends on the U.S. economy, the health of the financial sector, natural gas prices and even electricity demand.
