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COP19: Investors choose renewables to help climate says Climate Policy Initiative

COP19 (19/11/13) – The Climate Policy Initiative has just published its global landscape of climate finance, says its Senior Director Barbara Buchner.

The report says $359 billion has already been spent this year, but it is less than last year.

The bulk of the money (62%) comes from the private sector, enabled by public activities and most of the money has gone towards renewable energy. $22 billion has been spent of adaptation and $32 billion on energy efficiency.