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Green energy investment tops US$1 trillion, matches fossil fuels

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PARIS: Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding US$1 trillion last year, a report on Tuesday (Jan 31) said.

for the first time ever after exceeding US$1 trillion last year, a report on Tuesday said.

Investment in sectors such as renewables, nuclear, zero-emission vehicles or recycling projects totalled US$1.1 trillion last year, matching spending on fossil fuels, the report found.

 

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