The rise of the global renewable energy industry is leading to a decrease in subsidies, said a new study by Ernst & Young LLP. The study said the sector is currently at a tipping point - the rapid deployment of renewables is closing doors to generous subsidy programs as REs compete better with fossil fuels. China has led Ernst & Young’s All Renewables Index on the back of its robust solar sector. China has also been actively investing in renewables markets in Africa and South America.
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