(Bloomberg) -- Despite lengthy United Nations climate negotiations over the past decade, investment in clean energy has rapidly increased -- so much so that it's not clear whether the UN framework has had any meaningful effect on policy, according to Bloomberg New Energy Finance. The main drivers of growth in the area have been technology cost declines and domestic policies to support renewables and price carbon. National and sub-national programs that foster clean energy are expected to continue regardless of global goals and the U.S.'s withdrawal from the Paris Agreement.
To contact the reporter on this story: Richard Chatterton in London at rchatterton1@bloomberg.net.
To contact the editors responsible for this story: Julie Alnwick at jalnwick@bloomberg.net, Sophie Caronello at scaronello@bloomberg.net, Nancy Moran, Jerry Laird
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