Thursday, December 15, 2016

Finance: Developing Nations Added 69.8 GW of New Wind, Solar, Geothermal, and Other Renewable Power Generating Capacity in 2015

With New Pledges and New Projects, Developing Countries Take Clean Energy Lead Globally (News Release)

Key group of emerging nations builds 18% more renewable capacity than wealthier countries and four in five have now set national clean energy targets.

Developing countries have made unprecedented pledges to consume more clean energy tomorrow even as they are leading the way today with record new wind and solar project completions, the latest edition of Climatescope concludes.

Climatescope, the clean energy country competitiveness index and online tool supported by the UK and US governments offers a compelling portrait of clean energy activity in 58 emerging markets in Africa, Asia and Latin America and the Caribbean. The group includes major developing nations China, India, Egypt, Pakistan, Brazil, Chile, Mexico, Kenya, Tanzania and South Africa, as well as dozens of others. 

These countries are not waiting to get started on adding renewable capacity, however. Between them, they added 69.8 gigawatts of new wind, solar, geothermal, and other renewable power generating capacity in 2015 – the same as total installed capacity in Australia today.