When things are out of control, the inevitable happens.

Clean energy spending plunges on RET uncertainty
The Australian
Sarah-Jane Tasker
13 January 2015

NEW clean energy investment in Australia has dropped to its lowest level since 2009, falling 35 per cent to $4.6 billion, driven by un­certainty over the renewable energy target.

A severe downturn in large-scale asset financing helped push the figure lower, according to Bloomberg New Energy Finance, which published the results.

Large-scale asset financing slid 88 per cent to just $240 million in 2014, reaching a low not seen since 2002, when the country’s renewable energy target was 2 per cent.

Australia’s efforts in renewable investment mean it has dropped behind Honduras, Costa Rica and Myanmar after sliding from 11th-largest investor in large-scale clean energy projects in 2013 to 39th in 2014.

Bloomberg New Energy Finance outlined that other resource-intensive economies, such as Canada, Brazil and South…