Europe is losing its status as a global leader in clean energy, with investment in the region plummeting 21 percent last year. A record $328.9 billion was invested worldwide in renewable energy sources according to a report released by REN21, an international coalition of governments, renewable energy trade associations and financial institutions including the World Bank Group. Spending in Europe was $48.8 billion, down from $62 billion a year earlier.
Source: www.bloomberg.com