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Clean energy investments fell 23% in first half quarter

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(iStock)
(iStock)

London - Global investment in renewable energy fell 23% in the first half of this year as the cost of installing solar panels declined and China paused the pace of its spending.

Wind, solar and other clean energy industries attracted $116.4bn in the first two quarters of the year including $61.5bn in the second quarter, according to Bloomberg New Energy Finance, a London-based researcher that tracks investment.

It also revised up 2015’s total by almost $20bn to a record $348.5bn.

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