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Renewable Energy Investment Rose to a Record in First Half (1)

Aug. 3, 2021, 1:08 PM

Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions.

As much as $174 billion was spent on solar, offshore wind and other green technologies and companies in the period, according to data from BloombergNEF. While it’s 1.8% more than a year earlier, the level is 7% below the previous six months.

The small increase shows the resilience of the industry leading the fight against climate change despite rising costs because of the surge in commodity prices this year. However, it’s ...