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Global Climate-Change Finance Fell Last Year, Study Shows

Financing of projects that reduce carbon emissions and protect against the effects of climate change fell 1 percent last year, hampering efforts to slow global warming, according to a research report.

Spending from governments and companies on renewable energy and other mitigation measures declined to $359 billion in 2012 from $364 billion a year earlier, according to the study by the Climate Policy Initiative, a San Francisco-based analysis firm.