2016 dip highlights need to unlock climate finance

Investment in low-carbon infrastructure and adaptation projects last year fell from the all-time high reached in 2015, according to research from the Climate Policy Initiative released on Wednesday

Investment in low-carbon infrastructure and adaptation projects last year fell from the all-time high reached in 2015, according to research from the Climate Policy Initiative released on Wednesday.

The CPI, a think tank that tracks global climate finance, said flows were $383 billion (€329 billion) in 2016, down 12% from the record high of $437 billion seen in 2015. This reflected lower technology costs, as record amounts of renewable electricity generation capacity were installed last year.

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