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