Need addl $51 bn to meet renewable targets

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BRICS countries will require additional annual investment of $51 billion on average to meet their current renewable energy capacity addition targets, says a report. The Institute for Energy Economics and Financial Analysis (IEEFA)on Thursday said that overall nearly $10 billion would need to come in annually from public finance institutions to channelise sufficient private funds to meet the renewable energy capacity targets of BRICS nations.       

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