Clean Energy Aid Hit $8 Billion for Developing Nations
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Developed countries channeled $8 billion into emerging nations last year for large-scale renewable energy and clean fuel production, a fraction of the aid promised by 2020, Bloomberg New Energy Finance said.
Investment is 35 percent higher than last year, according to a report released by the London-based researcher today. It falls short of the $100 billion-a-year investment that rich countries promised to make by 2020 to help emerging nations adapt to the effects of climate change.