South Africa

US, China and South Africa Lead Rebound in Clean Energy Investment

Second quarter investment rises 22% compared to Q1, but shrunken figure for Europe ensures that world total stays below that for Q2 last year. London and New York: Global investment in clean energy was $53.1bn in the second quarter of 2013, up 22% from the first quarter thanks to an upturn in the financing of wind and solar projects and a 170% surge in equity funding for specialist companies on public markets. The Q2 rebound was led by the US, which saw investment jump 155% compared to a weak first quarter, to reach $9.5bn, and also China (up 63% at $13.8bn) and South Africa (up from almost nothing in Q1 to $2.8bn in Q2).

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