India, China have led the developing countries in investments made in renewable energy in 2015. It was revealed by ‘Global Trends in Renewable Energy Investment’ Report published by the United Nation Environment Programme (UNEP).
Key facts:
- For the 1st time commitments of emerging economies in solar, wind and other renewables’ capacity have surpassed those by the wealthy nations.
- Developing world committed a total of 156 billion dollars in new renewables capacity in 2015 year, these figures up 19 % on 2014.
- With in the developing economy category, the “Big Three” of India, China & Brazil saw investment rise 16 percent to USD 120.2 billion.
- In contrast, renewable energy investments by the developed countries were down by 8 percent in 2015 to 130 billion dollars.
- A large part of the record breaking investment in developing countries took place in China, with its investment commitment up by 17 percent to 102.9 billion dollars.
- India was also among the top Ten investing countries in renewable energy with its commitments rising 22 percent to USD 10.2 billion.
- It for the 2nd time since 2011, India enjoyed a 2nd successive year of increasing investment, breaching the USD Ten billion United States, Japan,
- United Kingdom, Brazil, South Africa, Mexico & Chile also made it to the top 10 investing countries in 2015.
UN report: India and China led investments in Renewable Energy in 2015
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