Clean-en­ergy fund­ing may reach $1.61 tril­lion

China Daily (Canada) - - BUSINESS -

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 Thurs­day in its an­nual re­new­ables re­port. Re­new­ables will ac­count for about 26 per­cent of global elec­tric­ity gen­er­a­tion by the end of the decade from about 22 per­cent now.

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