The developing world is beating the U.S. at clean energy

Grist

This story is reproduced here as part of the Climate Desk collaboration.

China is by far the world’s biggest investor in clean energy technologies like solar and wind. Last year, its clean energy spending hit a record $83 billion, a 39 percent jump from the year before, and more than twice what is spent in the United States.

Although America and most other G20 nations are moving toward a clean energy overhaul, its the developing world where you’ll find the most explosive growth: When you add in emerging markets like Brazil, India, and South Africa, clean energy investment in developing countries totaled $131 billion in 2014, only 6 percent less than the combined total for developed countries. It’s the closest that gap has ever been, according to Bloomberg New Energy Finance (BNEF):

Screen-Shot-2015-05-18-at-2.51.03-PMBNEF

That gap will soon close, and then start growing in the other direction, according to a 

View original post 644 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s