LONDON: Renewable energy investment held firm in the third quarter, indicating the industry is weathering a slump in the cost of oil and coal.
Financing for projects including wind, solar, biofuels and biomass fell 1% to US$70bil worldwide, compared with the same period a year ago, according to Bloomberg New Energy Finance (BNEF). For the first nine months of the year, investment eased 2% to US$197.9bil, the London-based researcher estimated.
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