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The World Bank Group's financing for renewable and efficient energy projects increased 24% in the last fiscal year. Reaching $3.3 billion, the bank's clean technology investments have reached their highest level ever.
At the Bonn International Renewable Energies Conference in 2004, the World Bank committed to increase its contribution to cleantech investments by $1.9 billion through 2009. Not only did last fiscal year's result more than double the five-year commitment, the World Bank's support surged by $7 billion.
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