Developing nations are adopting clean energy technologies at twice the rate of the more established economies because “the technologies are cost-competitive right now. Not in the future, but right now,” a Bloomberg New Energy Finance analyst said earlier this week.
The 2014 Climatescope study found that renewable energy markets in 55 countries grew 143% from 2008 to 2013, for a total of 142 MW, compared to 84% in industrialized countries, or 213 MW. “Clean energy is the low-cost option in a lot of these countries,” Ethan Zindler commented.
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The countries in the study “increased total renewables investment to $122 billion last year, more than double the 2007 sum of $59.3 billion,” Doom writes, and have “passed more than 450 measures linked to renewables.” (h/t to InsideClimate News)
