Investments in renewable energies increase in the first semester

Washington, Aug 4 (Prensa Latina) Investments in renewable energy increased considerably in the first half of 2021, yet it is too far from being enough to curb growing carbon emissions, a specialized source said.

August 4, 2021
07:16

According to BloombergNEF website, up to $174 billion was spent on solar and offshore wind energies, and other green technologies and businesses during this period, a 7% less than previous six months.

However, invested figure is 1.8% more than a year ago and is seen as a sign of resistance of the industry leading the fight against climate change, in spite of the increased costs due to raw material price rise.

Investing in renewable energy has weathered the effects of the pandemic, in contrast to other sectors of the energy economy where we have seen unprecedented explosiveness, said Albert Cheung, BNEF’s chief analyst, who deemed an immediate acceleration of investing in renewable energy.

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