Investment in renewable energy is falling. But you won't believe what will happen next.

As far as long-term investments go, the renewable energy sector has a bright future

Wind turbines
(Image credit: (AP Photo/Ferdinand Ostrop, File))

Around the world, investment in renewable energy companies has fallen. According to a study by Bloomberg, $254 billion was invested in renewable energy worldwide last year, a drop of 12 percent from 2012, which itself was a nine percent fall from a 2011 high of $318 billion.

This is a rather strange development. As a group, solar companies were one of the best-performing investments of 2013. The renewable energy sector as a whole is booming, and solar capacity is growing at an immense rate. So why is investment falling?

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.