06 Nov '17, 12pm

Clean energy funding, policies fall short of Paris Agreement

Clean energy funding, policies fall short of Paris Agreement

Total new clean energy investment in non-Organisation for Economic Cooperation and Development (OECD) countries fell to $111.4 billion in 2016 — a $40.2 billion (36%) drop from the previous year, Bloomberg New Energy Finance (BNEF) found. New asset financing for clean energy in developing nations, 2010-2016 (Bloomberg New Energy Finance) In an explainer video ahead of its annual Climatescope analysis, due to be published at the end of the month, BNEF stated this could partly be accounted for by "remarkable cost reductions for solar and wind". Additionally, funds from OECD members — generally wealthier countries — specifically deployed to non-members to support clean energy projects fell from $13.5 billion to $10 billion between 2015 and 2016. The $10 billion figure is just a tenth of the annual sum developed counties pledged to make available to poorer nations by 2020 at t...

Full article: http://www.windpowermonthly.com/article/1449330/clean-ene...

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