Clean energy investment in the United States surged to a fresh record of US$55.5 billion last year, despite the government's attempts to roll back supportive policies, a report showed on Thursday.
As renewable energy costs have plunged and onshore wind and solar developers rushed to qualify for tax credits before they are scaled back this year, investment surged 28per cent from a year earlier, a report by Bloomberg New Energy Finance said.This, along with a bigger jump in financing for offshore wind, helped to offset a decline in investment in the world's biggest market, China.
Indeed, President Donald Trump’s withdrawal of federal support for Obama-era climate goals indirectly helped the industry https://www.reuters.com/article/us-renewables-energy-trump/renewable-energy-seeks-demand-investment-to-survive-trump-squeeze-idUSKBN1JI2CE by inspiring a backlash among U.S. cities, states and corporations, which have grown more ambitious about installing cleaner forms of energy.