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MENA renewable investment up 104% in 2010

UN-backed report shows positive worldwide renewable investment

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Renewable investment in the Middle East rose 104 per cent last year. (Getty Images)
Renewable investment in the Middle East rose 104 per cent last year. (Getty Images)

A recent report, backed by the United Nations, has revealed that global investment in renewable energy topped $211 billion last year – a 32 per cent increase on 2009.

The Gobal Trends in Renewable Energy Investment 2011 report, produced by the United Nations Environment Programme, showed that investment growth in the Middle East and Africa last year was up 104 per cent, with developing countries overtaking the developed for the first time.

The report states that new clean energy regulations, government subsidies and stimulus money is largely responsible for the increase in investment.
 

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