A new study has put paid to the myth that the world’s developing nation’s are keeping the coal-fired generators burning, revealing that emerging economies are not only leading global renewable energy investment and development, but have slashed their new coal plant build by nearly half. The data, collected via the latest Bloomberg New Energy Finance Climatescope survey, shows that sinking technology costs and innovative policy-making have allowed developing nations to seize the mantle of clean energy leadership from wealthier countries. The report shows that in 2017, developing nations added a record 114GW of zero-carbon generating capacity of all types, 94GW of which was wind and solar – another record.
Renew Economy 27th Nov 2018 read more »
US President Donald Trump may have not got the message that coal is now the pariah at the global energy party, but it is becoming increasingly clear that almost every other world leader – and energy industry investor – has. A new report out today from Bloomberg New Energy Finance (BNEF) reveals developing nations are abandoning coal to switch their focus to rolling out renewable technology instead, a shift in market dynamic that puts non-OECD countries in the driving seat of the green energy transition for the first time.
Business Green 27th Nov 2018 read more »