Developing nations represent a large and rapidly growing share of the world’s clean energy investment, according to Climatescope 2014, a landmark study released today. The results suggest renewable technologies can be just as cost-competitive in emerging parts of the world as they are in richer nations.
Climatescope, a country-by-country assessment, interactive report and index, offers the clearest picture yet of clean energy in 55 emerging markets in Africa, Asia and Latin America and the Caribbean. The findings show clean energy capacity added in these nations grew at a faster pace than in developed countries, more than doubling in the past five years and totalling 142 GW (more than France’s current capacity).
Climatescope‘s key findings include:
• South Africa, Kenya and Uganda were among the top scorers: All have significant clean energy projects and programs.
• Small-scale renewables offer the most efficient way to provide energy access to vast numbers of people living without power. Tanzania has the most advanced regulation to encourage these types of projects, with a host of small power projects in the pipeline.
• Climatescope shows that countries are rapidly strengthening their policy frameworks: Stronger policies attract more clean energy investment.
Download the full study here.
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