World Bank Renewable Energy Financing Reaches Record Level

The World Bank's financing for renewable energy initiatives in developing nations has reached a record level of $3.3 billion in the past fiscal year, the

reports. The sum, which backed 99 projects in 48 countries, represents a 24 percent increase from the previous year's renewable energy funding.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.