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UN: clean energy investment can support economy more than fossil fuels

2015-06-23 13:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Transitioning to renewable energy sources can create more jobs and positively benefit economies, according to a new report. The paper argues that investment in clean energy, rather than fossil fuels, will boost job creation. The research, from the UN Industrial Development Organisation (UNIDO) and the Global Green Growth Institute (GGGI), states that countries that sustain annual investments in energy efficiency and renewables at a rate of 1.5% of GDP will maintain healthy economic growth rates...

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