25 Nov '15, 4pm

Developing countries overtake wealthier nations in attracting clean energy investment

Bloomberg New Energy Finance has released its latest Climatescope findings, reporting on clean energy activity in 55 emerging markets in Africa, Asia and Latin America and the Caribbean. The group includes major developing nations China, India, Pakistan, Brazil, Chile, Mexico, Kenya, Tanzania and South Africa, as well as dozens of others. News of the rising prominence of lesser developed countries comes on the eve of an important round of UN-organized climate negotiations kicking off in Paris at the end of November. Those talks have often focused on the question of how much capital wealthier countries should make available to lesser developed countries to address the climate challenge. Climatescope's key findings include the following: For the first time ever, over half of all new annual investment into clean energy power generating projects globally went toward projects i...

Full article: http://www.renewableenergyfocus.com/view/43313/developing...

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