in 2015 India and China Directed Investments in Renewable Energy: UN Report [ Current Affairs ]
In 2015 India and China have led the developing countries in reserves made in renewable energy. The ‘Global Trends in Renewable Energy Investment’ was revealed in the report published by the UN Environment Programme (UNEP).
- The wealthy nations have surpassed capacity for the first time commitments of emerging economies in solar, wind and other renewables.
- In 2015 the developing world committed a total of 156 billion dollars in new renewables capacity, these was recorded 19 % in 2014.
- Investment is rise up to 16 % to USD 120.2 billion within the developing-economy category, the “Big Three” of India, China and Brazil.
- In 2015 developed countries were down by 8 % to 130 billion dollars in renewable energy investments.
- With the investment commitment up by 17 % to 102.9 billion dollars a large part of the record-breaking investment in developing countries took place in China.
- With commitments rising 22 % to USD 10.2 billion India was also among the top 10 investing countries in renewable energy.
- India enjoyed a second consecutive year of increasing investment, breaching the USD 10 billion United States, Japan, UK Brazil, South Africa, Mexico and Chile also made it to the top 10 investing countries in 2015 for the second time since 2011.
- Published on: March 28, 2016