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Environmental

Jun. 5, 2009

Investment in Renewables Tops Fossil Fuels

Private investors poured more money into renewable energy generation than fossil fuel technology last year, while total investment in alternative energy rose despite the economic downturn, according to a new U.N. report.

By Fiona Smith
Daily Journal Staff Writer

SAN FRANCISCO - Private investors poured more money into renewable energy generation than fossil fuel technology last year, while total investment in alternative energy rose despite the economic downturn, according to a U.N. report released Wednesday.

On top of that, countries such as China and Brazil boosted investment in renewable energy sources while such activity slumped in the United States and Europe...

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