Wednesday, September 11, 2013

Development Banks Lend Record $108.9B to Clean Energy as Coal Investment Shrinks

The World Bank Group approved a total of $3.6 billion in financing for renewable energy projects in fiscal year 2012, a record 44% share of its annual energy lending of $8.2 billion. Looking only at power generation projects approved in 2012, renewables accounted for an even larger share — 84%. (Source: World Bank Data) Click to enlarge.
Development banks worldwide lent a record $108.9 billion to renewable energy and energy-efficient technology last year as they scale back investment in coal-fired power plants, Bloomberg New Energy Finance said.

 Development Banks Lend Record $108.9B to Clean Energy as Coal Investment Shrinks
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