Analysis from US policy think-tank the Pew Charitable Trusts, based on Bloomberg New Energy Finance data,pinpointed curtailment of incentives in Europe and uncertainty in the windsector over the future of the US production tax credit as having“weighed heavily” on worldwide investment levels.

While spending on renewable-energy projects in the largerestablished markets of G20 countries fell by 16%, investment in non-G20markets grew by 15%.

“Despite