Weatherman2020
Diamond Member
New data show Canadian investment in clean technology has cooled off over the past three years, despite myriad programs introduced by Ottawa to boost spending on green infrastructure and shift the country towards a lower carbon economy.
Canadian private sector investment in clean technologies have fallen by half since 2014, dropping to a combined US$9.4 billion over the past three years, compared with US$19.5 billion between 2012-2014, according to data from Bloomberg New Energy Finance. Investments rose to US$3.3 billion last year, compared to US$2.3 billion, but is less than half of the peak in 2014. Investments in the first two quarters of 2018 appear to be below the fourth-quarter running average, BNEF data shows. […]
“Any time you have a ratcheting down of subsidies, in the immediate aftermath you see a total destruction of the market,”said Amy Grace, head of North American research at Bloomberg New Energy Finance.
‘Total destruction of the market’: Investments in clean tech cool off as subsidies end
Doh!
Canadian private sector investment in clean technologies have fallen by half since 2014, dropping to a combined US$9.4 billion over the past three years, compared with US$19.5 billion between 2012-2014, according to data from Bloomberg New Energy Finance. Investments rose to US$3.3 billion last year, compared to US$2.3 billion, but is less than half of the peak in 2014. Investments in the first two quarters of 2018 appear to be below the fourth-quarter running average, BNEF data shows. […]
“Any time you have a ratcheting down of subsidies, in the immediate aftermath you see a total destruction of the market,”said Amy Grace, head of North American research at Bloomberg New Energy Finance.
‘Total destruction of the market’: Investments in clean tech cool off as subsidies end
Doh!