The amount of money flowing into the energy sector fell for a third straight year, raising concerns about the world's ability to provide enough power and tackle climate change, the International Energy Agency reported on Tuesday. Capital flows into renewable power fell by 7 percent, with growth in solar and wind power offset by declines in hydropower and nuclear energy. "Robust investment in renewable power is even more important for boosting low-carbon power generation in light of a sharp fall in investment in new nuclear power," the IEA said. In Europe alone, IEA estimates the retirement of nuclear power plants has offset 40 percent of the low-carbon power generation from renewables since 2010.
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