Global investment in renewable energy projects hit a fresh record this year, but fell in the U.S., an analysis released Tuesday shows.

Why it matters: Trump 2.0's reversal of federal support is starting to show up in hard financing data.

Driving the news: The first half of 2025 saw the "reallocation" of investment dollars away from the U.S. begin, the research firm BloombergNEF found. • U.S. spending fell by $20.5 billion, or 36%, from the second half of 2024 in what the firm calls a response to the U.S. presidential election. • It was the steepest drop of any country.

"There was a rush to construct toward the end of last year as developers sought to lock in access to tax credits, and then a sharp drop in the first half of this year due to worsening policy conditions, particularly f

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