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Renewable Energy Investments Shift to Developing Nations

Renewable energy investments are shifting to developing nations as countries from Morocco to Chile pursue power sources that wean them off fossil fuel imports, two studies promoted by the United Nations said.

China’s $67 billion of investment in wind, solar and other renewable projects led developing nations to $112 billion of spending in 2012, according to an e-mailed statement today from the UN and other groups involved in the studies. That compares with $132 billion of expenditure in the industrialized world.