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Follow on Google News | Financial Soultions: Investment in greentech saw substantial 3rd quarter drop.Tight credit markets blamed for 22% drop in global greentech investment in last quarter.
In the quarter from July to September, a total of $25.9 billion of new global investment was seen, dropping by 9% from the 2nd quarter and down 22% from the same time a year back. The report by New Energy Finance did however indicate that this sphere does seem to be moving toward a recovery, with governments globally pumping more backing into alternative energy projects. The EU recently announced an investment plan to put it on a par with Asia and North America in green technology development, and China has made huge financial inroads lately into wind energy. Overall, the report shows a dramatic growth in investor confidence from the 1st quarter. Financial Soultions understands that many forecasters see a turnaround occurring in 2010 with many hoping for a strong treaty to replace the Kyoto Accord to emerge from the December climate talks in Copenhagen, but they also caution that a lot depends on the U.S. economy, the health of the financial sector, natural gas prices and even electricity demand. # # # Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service. End
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