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Big role for Brics development bank as RE investment falls short

Big role for Brics development bank as RE investment falls short

The New Development Bank (NDB), created in 2014 by the Brics group (Brazil, Russia, India, China and South Africa) could have an important role in guaranteeing the $177bn yearly investments the group would need to meet self-declared renewable energy targets over the next ten to 20 years, says a new report.

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