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Clean energy investments slump as subsidies drop

Asian governments scaling back incentives to constrain boom in installations

Tokyo

THE green-energy industry is starting to feel 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 per cent to US$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 Tuesday. It's the first decline in the modern history of an industry that's barely a decade old. The ability of those plants to produce electricity is on track to surge 13 per cent, the research group said.

The findings underscore the concern of authorities about their ability...

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