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Climatescope 2014, renewable energy: emerging countries are exceeding the most developed ones as for investment and production
According to Climatescope 2014, emerging countries, particularly China, Brazil and South Africa, are exceeding the most developed ones for renewable energy production and investments. In the last 6 years, emerging economies have almost doubled the renewable energy capacity installed.
According to a recent international study, Climatescope 2014, realized with the contribution of Bloomberg New Energy Finance, developing countries are currently experiencing the most significant growth in renewable energy investments, production, demand and policies.
The Climatescope 2014 report shows how 55, amongst the most developed emerging countries, located in Asia, Africa, Latin America and the Caribbean, are currently facing an almost doubled growth in renewable energy production, compared to the already economically successful Europe and United States, for example.
In just six years, between 2008 and 2013, the major emerging countries have installed about 142GW of renewable energy, which is equivalent to an increase of +143%.
In the list compiled within the report, where the ability of emerging countries to attract investments to be allocated and used in clean energy projects was considered, China, Brazil and South Africa, three countries already members of the so-called BRICS, characterized by a strong GDP and potentially sharing the most part of world’s trade, occupy the first three positions, respectively.
China in particular, the survey specifies, has the largest installed capacity, especially in the areas of wind and solar energy, which represent its flagships, but also the highest amounts of CO2 emitted into the atmosphere. Between 2006 and 2013, the Asian giant has invested about 302 billion dollars in clean energy.
Brazil, on the other hand, following China at a short distance, has faced serious difficulties in recent times, in terms of energy production from water sources and gas industry, with a fall of 52% from 2012 as for clean energy investments. However, Brazil remains a dynamic market in terms of green energy, and estimates predict a recovery in the sector from this year.
South Africa and Kenya, which, along with Ethiopia and Sub-Saharan Africa in general, will benefit from investments of approximately $6 billions in 2014, owe much of their energy to solar sources and have in store ambitious plans and objectives to be achieved by 2030, including the geothermal and wind power sectors.
The Climatescope 2014 report shows how 55, amongst the most developed emerging countries, located in Asia, Africa, Latin America and the Caribbean, are currently facing an almost doubled growth in renewable energy production, compared to the already economically successful Europe and United States, for example.
In just six years, between 2008 and 2013, the major emerging countries have installed about 142GW of renewable energy, which is equivalent to an increase of +143%.
In the list compiled within the report, where the ability of emerging countries to attract investments to be allocated and used in clean energy projects was considered, China, Brazil and South Africa, three countries already members of the so-called BRICS, characterized by a strong GDP and potentially sharing the most part of world’s trade, occupy the first three positions, respectively.
China in particular, the survey specifies, has the largest installed capacity, especially in the areas of wind and solar energy, which represent its flagships, but also the highest amounts of CO2 emitted into the atmosphere. Between 2006 and 2013, the Asian giant has invested about 302 billion dollars in clean energy.
Brazil, on the other hand, following China at a short distance, has faced serious difficulties in recent times, in terms of energy production from water sources and gas industry, with a fall of 52% from 2012 as for clean energy investments. However, Brazil remains a dynamic market in terms of green energy, and estimates predict a recovery in the sector from this year.
South Africa and Kenya, which, along with Ethiopia and Sub-Saharan Africa in general, will benefit from investments of approximately $6 billions in 2014, owe much of their energy to solar sources and have in store ambitious plans and objectives to be achieved by 2030, including the geothermal and wind power sectors.
