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As African cities experience some of the fastest urban growth rates in the world, China has become a major bilateral financier for urban infrastructure.
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Renewable power made up almost 50% of the world’s electricity capacity last year after a record ‌increase in solar installations, data from the International Renewable Energy Agency shared exclusively with Reuters showed on Tuesday.
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Developing countries are being priced out of the affordable finance they desperately need for sustainable development, with sovereign credit ratings often overstating risk and overlooking long-term economic potential, the UN said on Monday.
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