Investment in renewable energy declines globally

Berlin • Global investments in renewable energy fell by almost a quarter in 2016 amid a drop in prices and lower spending in some markets, according to a U.N.-backed report published Thursday. Overall investments reached $241.6 billion last year, down from $312.2 billion in 2015, said the United Nations Environment Program. But investors got more bang for their buck: renewable energy capacity grew increased by 138.5 gigawatts, 8 percent more than the 127.5 gigawatts added the year before. That’s...

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