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article imageDeveloping nations became top investors in renewables in 2015: UN

By AFP     Mar 24, 2016 in Environment

Investment in renewable energy hit a record $286 billion (256 billion euros) in 2015, more than half of which came from developing countries for the first time, according to a UN report released Thursday.

All told, new money put into solar, wind, biofuels and other cleaner energy technologies has exceeded $2.3 trillion since 2004, when total investment was less than $50 billion, it said.

"Renewables are becoming ever more central to our low-carbon lifestyles," said Achim Steiner, executive director of the UN Environment Programme (UNEP), which co-wrote the report.

"Importantly, for the first time in 2015, renewables investments were higher in developing countries than developed."

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