Clean Power Finance ‘Falls’ in Emerging Markets
Tuesday, December 3, 2019
New investment in wind, solar and other clean energy projects in emerging markets dropped to $133bn in 2018 from $169bn in 2017, largely due to a slowdown in China, according to research by BloombergNEF.
The annual Climatescope survey covering 104 emerging markets found that investment in new wind, solar, and other non-large hydro renewables projects in China fell to $86bn last year from $122bn in 2017, BloombergNEF said.
The decline was not confined to China, with inflows to clean energy projects in India and Brazil slipping $2.4bn and $2.7bn, respectively from the prior year.
Photo courtesy of Carl Attard.