NewEnergyNews: CHINA STILL THE PLACE FOR NEW ENERGY

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    Friday, November 27, 2015

    CHINA STILL THE PLACE FOR NEW ENERGY

    China Again Tops for Clean Energy Investment, Study Shows

    November 22, 2015 (Bloomberg News)

    “China, the world’s biggest emitter of carbon pollution, continues to hold the top position as the best developing country in which to invest in clean energy…[It] scored highest for a second consecutive year in an analysis of 55 emerging market nations including South Africa, Uruguay and Kenya that mapped important progress in the areas of spending, capacity deployment, and policy development. Brazil and Chile followed China in the rankings, according to Climatescope scores, which were based on data from 2014…[The study showed] the clean energy center of gravity is shifting inexorably from ‘north’ to ‘south,’ [and] from developed to developing countries…In 2014, China added 35 gigawatts of new renewable power generating capacity…and attracted $89 billion in all types of new clean energy capital…Among the 54 other nations in the Climatescope study, 15.5 gigawatts of new clean energy capacity was added in 2014, up 64 percent from a year earlier. Emerging markets are now installing capacity at twice the rate as wealthier Organization for Economic Co-operation and Development nations…For the first time, more than half of all new annual investment in clean energy projects went to emerging countries…” click here for more

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