Cop that, climate accord (Macro Macchiato 25/11/19)
One of the more depressing charts I have seen shows a global decline in clean energy investment for 2018 with a lower prognosis for 2019. The chart, prepared by Bloomberg New Energy Finance and reported in London’s Financial Times newspaper, shows a drop in 2018 investment to below USD 300 Bn. Furthermore if 1H19 data are annualised, there could be further fall to a little over USD 250 Bn this year, a level not seen since 2013. The biggest fall last year was in China, which w