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Global investment in clean energy slides as China pulls back

Global investment in clean energy fell to its lowest levels in five years during the first half of 2019, because of a sharp drop in Chinese renewable energy projects.

Investment in clean energy slipped to $117.6bn, a decline of 14 per cent compared with the same period last year, according to new research from Bloomberg New Energy Finance.

A sudden change in China’s renewable energy policies last year — when it curbed solar and wind subsidies — has dramatically reduced the number of new projects in the world’s largest market.

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