"Climate Change Investment Falls for Second Year in 2013"

"Global investment in tackling climate change fell for a second year in 2013 to $331 billion, largely due to a drop in the cost of solar power technology, according to an annual report on climate finance.

Overall, the world is falling further and further behind its low-carbon investment goals, warned the Climate Policy Initiative (CPI), a research and advisory group.

"Our analysis shows that global investment in a cleaner, more resilient economy is decreasing, and the gap between finance needed and actually delivered is growing," said Barbara Buchner, senior director of CPI."

Megan Rowling reports for Reuters November 24, 2014.