Investor interest in renewable energy is swelling less than two years after the Paris Agreement was signed to protect the environment globally.
Renewables-focused funds have raised $5 billion this year, outstripping fundraising targeting conventional energy for the first time, according to a Preqin report Wednesday. Fundraising for conventional energy has fallen significantly from its $38 billion peak in 2015, when renewable funds attracted $13.8 billion globally.
Trump’s decision to pull the United States out of the Paris Agreement, an historic international accord on climate change that world leaders adopted in 2015, isn’t likely to stop allocators from investing in renewable energy.
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