Asian Subsidy Crunch Cuts Funding for Clean Energy in Top Markets

摘要

The green-energy industry is feeling the impact of an efficiency drive sweeping Asia, where governments from China to Japan are scaling back subsidies to constrain a boom in installations. Investment in clean-power technologies in Asia slumped 41 percent to $70.1 billion in the first nine months of the year, according to Bloomberg New Energy Finance, which hosts a conference on the issue in Shanghai starting Nov. 1. It is the first decline in the modern history of an industry that is barely a decade old. The ability of those plants to produce electricity is on track to surge 13 percent, the research group said.