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Clean energy investment lagging behind global decarbonization goals

Investment in renewable power, accounting for two-thirds of all power generation spending, dropped 7% last year and "there is a risk" that it will slow more this year, IEA said.

Clean energy proponents urge more utility-scale photovoltaic power stations for the power grid.
Clean energy proponents urge more utility-scale photovoltaic power stations for the power grid. (AN/Derek Sutton/Unsplash

PARIS (AN) — Global investment in renewables and energy efficiency declined 3% to US$318 billion in 2017 and "there is a risk that it will slow further this year," posing a threat to the world's fight against climate change and air pollution, the International Energy Agency reported.

Investment in renewable power, accounting for two-thirds of power generation spending, dropped 7% last year, the Paris-based international organization said in its World Energy Investment 2018 report.

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