Tuesday
November 27
2018

Clean Power Sees First Win Over Fossil Fuels in Emerging Markets

Developing countries have added more clean power capacity than fossil fuel generation for the first time ever, charging ahead of wealthier nations in the global green energy push, according to Bloomberg NEF.

Wind and solar generation accounted for just over half of the 186 gigawatts of new power capacity in developing nations last year, according to BNEF’s annual Climatescope survey released Tuesday. Not only that, they’ve added more clean energy generation than developed economies, increasing zero-carbon capacity by 114 gigawatts compared with about 63 gigawatts in richer countries.

Photo courtesy of Dana Smillie.

Source: Bloomberg Business (link opens in a new window)

Categories
Energy
Tags
clean energy, emerging economies, emerging markets, energy sector, renewable energy