Development Banks substantially to increase clean energy financing

Clean energy investments and grants from international development banks and organisations reached $8.3bn in 2007, up from $6bn in 2006.

This amount looks set to rise substantially over the next two to three years, potentially doubling by 2009. However, this will not result in a crowding-out impact for private investment as the funds are typically deployed towards projects unable to attract commercial backing.

By: www.newenergyfinance.com

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