US green energy investment climbed to record highs in 2019 — despite the Trump administration’s stance on climate change
|01/16/2020||Posted by BusinessMediaguide.Com under General World News||
- The US renewable energy industry saw a 28% spending increase in 2019, ignoring the Trump administration’s views on climate change to reach a new investment record, according to Bloomberg New Energy Finance.
- The sector took in $55.5 billion in investment last year, beating out Europe and taking second place to China.
- The spending was bolstered by wind and solar firms rushing to earn federal tax credits before the government scales them back, Bloomberg reported.
- Global renewable investment gained 1% in 2019, but remained well under BNEF’s estimates for spending needed to adhere to the Paris climate agreement’s warming goal of 2 read more >>>