LITTLETON, Colorado, Sept 20 (Reuters) - Despite the heat waves, wildfires and floods that have amplified calls to accelerate the global energy transition away from fossil fuels, investors withdrew record funds from the world's largest clean energy investment vehicles so far this year.
LOST LIMELIGHTA key driver behind the withdrawals from clean energy investment funds this year has been the relative attractiveness of other sectors, such as artificial intelligence.
The clean energy space had outperformed other sectors, including technology, over the past two years, and so was likely due for a bit less investor attention this year.
However, an equally important factor behind the outflows in clean energy has been the spate of high profile corporate and national disappointments in critical areas of the clean energy industry.
In all, weak spots have emerged on key frontiers of the clean energy industry, which have justified the retreat in investment.
Persons:
Gavin Maguire, Miral
Organizations:
Investors, Clean Energy, Outflows, First Trust, Energy, Carbon Energy, Robotics, Intelligence, Enphase Energy, European Commission, EV, Reuters, Thomson
Locations:
LITTLETON , Colorado, Britain, United States, Gulf, Mexico, U.S