Clean Energy Investments in Latin America Total $9.7 billion in 2012 (Yahoo! Finance)
Investment in geothermal energy in region increases
Total new financial investments in clean energy in non-Brazil Latin America rose 127% in 2012 compared to 2011 figures, reaching $4.6 billion. This growth reverses the first global decline in new clean energy investments last year, as the region became more active in renewable energy.
Globally, new investments in clean energy fell 11% from $302.32 billion in 2011 to $268.69 billion in 2012, according to Bloomberg New Energy Finance (BNEF). This is the first time BNEF has observed a decrease in renewable energy financing. However, Latin America was a bright spot, with four countries seeing triple-digit investment growth.
By sector, biofuels ($539.47 million), biomass and waste ($822.34 million) and geothermal ($76.69 million) received the most new financial investments.
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