* Policy uncertainty hits green investments in U.S., Europe
* Brazil bucks trend with big project, also in Morocco
LONDON Oct 9 Global investment in clean energy
fell to $56.6 billion in the third quarter of this year, down 20
percent year-on-year and signalling 2012 will see the first
annual decline in eight years, a report by analysts Bloomberg
New Energy Finance said on Tuesday.
"Today's figures... suggest that the full-year 2012 figure
for investment in clean energy is likely to fall short of last
year's record $280 billion. If so, 2012 would be the first
down-year for world investment in the sector for at least eight
years," a statement accompanying the report said.
Many world leaders have said the green economy could help
drag their countries out of recession but these figures suggest
businesses are beginning to slow their investments in clean
Policy uncertainty about the support for new renewable power
generation hit investment in key markets in the United States,
the UK and Italy, the report said.
Investment in the U.S. plummeted 62 percent year-on-year and
at $7.3 billion was down 28 percent on the second quarter of
2012, while investment in Europe dropped 29 percent year-on-year
to $18.2 billion.
China saw a 6 percent increase in investment year-on-year,
at $14.8 billion, but the figure for July to September was down
17 percent on the previous quarter, according to Bloomberg New
Brazil, however, bucked the trend and saw a 24 percent
year-on-year increase and a 94 percent quarterly increase to
$1.9 billion, the report said.
"The location of some of the biggest projects financed in Q3
this year highlight the geographical shift that is taking place
in clean energy, with established markets such as the U.S.,
Europe and China losing momentum while newer markets in South
America, Asia and Africa pick up steam," said Michael Liebreich,
chief executive of Bloomberg New Energy Finance.
Two of the three largest renewable projects given the
go-ahead during the July to September period were located in
Morocco while the third was located in Brazil, the report said.
(Reporting By Susanna Twidale; editing by James Jukwey)