IEA Sees $1.6 Trillion in Clean-Energy Investments Through 2020
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Investments in new clean-energy capacity will total $1.61 trillion through 2020 even as the expansion of renewables is expected to slow, the International Energy Agency said.
Funding for power generation from wind, solar radiation and biomass will average $230 billion a year from $250 billion in 2013 as technology costs fall and growth loses pace, the Paris-based adviser to 29 nations said today in its annual renewables report.