Clean technology spending declining

Clean energy projects down 25 percent in third quarter

Cheaper energy prices and the recession are having an effect on alternative energy. Some reports put the decline in spending worldwide down 25 percent in the third quarter, and ready to decline much more in the next quarter.

VeraSun filed for bankruptcy. Utilities have canceled alternative energy projects. Some buyers of wind power have delayed their orders. But there is some hope according to The Economist.