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Plunging oil prices won't dent global clean power investment

Renewables remain a tiny fraction of the world's power supply, accounting for about 5 per cent of the electricity generated, according to the most recent data from the IEA.


WHILE Opec is helping drive down global prices for crude, it's having less success squeezing the US$250 billion clean power industry.

Green energy will receive almost 60 per cent of the US$5 trillion expected to be invested in new power plants over the next decade, according