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Clean Tech Investments drop, China's Hydropower on the Rise in
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-- a _kt75 | reprint Tweet Investment in low carbon technologies fell 11 per cent in 2012, according to a new report by market analysts Bloomberg New Energy Finance, which also shows China has overtaken the US as the world's largest contributor to renewable energy. The report [ 1 ] shows that investment in low carbon technologies is actually holding up pretty well after warnings from the report's authors last January that 2012 would be a "challenging year" for the sector. We took a look at some of the figures to find out how tough economic conditions and investor uncertainty over renewable energy policies in the UK have changed the investment landscape. Overall investment drops The report [ 1 ] shows that overall global investment in low carbon energy dropped by about $30 billion in the space of a year. Comparing investment last year to 2011 may be unfair, as 2011 saw the highest ever rate of investment in the sector. But it is only the second t...