China's solar boom lifts clean energy funding to near record
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CHINA'S insatiable appetite for solar power led to a surprise increase in global clean-energy investment last year even as US President Donald Trump pushed to undermine pollution rules and curbs on coal.
About US$333.5 billion poured into renewable energy and cutting-edge power technologies, up 3 per cent from 2016 and 7 per cent short of the record set in 2015, according to Bloomberg New Energy Finance. Almost half went to solar projects, and China's investment accounted for 40 per cent of the total.
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