Arab renewable energy funding hit

By Emirates 24/7:

Investment in renewable energy worldwide surged by nearly 17 per cent to an all time high in 2011 but it declined in the Middle East and North Africa (MENA) because of political unrest, according to official data.

The fall in such investments in the region was in most Arab countries except Morocco and the UAE, where it increased as the two countries remained immune to political uncertainty sweeping MENA, said the Saudi-based Arab Petroleum Investment Corporation (Apicorp), an affiliate of the 10-nation Organization of Arab Petroleum Exporting Countries (OAPEC)… Read more


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