Countries all around the world are cutting renewable energy subsidies. They’re no longer affordable and investment is slowing; wind and solar don’t cut it.

From 2011 to 2017 global investment in renewable energy was almost flat as countries cut their renewable subsidies. Investment in 2017 increased by just one percent in the United States, but declined in many areas of the globe. In Japan, investment was down by 16 percent, in India by 20 percent, in Germany by 26 percent, and in the United Kingdom by 56 percent.

China is the anomaly where renewable energy investment increased by around 30 percent. Despite that increase, total global investment in renewables increased by just 3 percent in 2017.

Countries are investing less because renewable projects are heavily dependent upon subsidies that are being cut as countries face rising electricity prices and large subsidy bills. Residential electricity prices are twice the U.S. price in Spain and three times the U.S. price in...—countries that subsidized renewable investment early on. Their electric customers are suffering under heavy utility bills despite renewable energy supplying 30 to 60 percent of their electricity.

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http://naturalgasnow.org/told-renewable-energy-subsidies-no-longer-affordable/