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Development Banks Lend Record $108.9B to Clean Energy as Coal Investment Shrinks

2013-09-10 08:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Development banks worldwide lent a record $108.9 billion to renewable energy and energy-efficient technology last year as they scale back investment in coal-fired power plants, Bloomberg New Energy Finance said. KfW Group was the biggest lender furnishing $34.4 billion in 2012 followed by China Development Bank Corp. with $26 billion, Bloomberg New Energy Finance said in a report today that used data from 26 institutions. The state-backed lenders have boosted their financing of clean energy...

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