Climatescope: key group of emerging nations builds 18% more renewable capacity than
wealthier countries and four in five have now set national clean energy targets
by Ethan Zindler for Bloomberg New Energy Finance
December 15, 2016 - Developing countries have made unprecedented pledges to consume more clean energy tomorrow even as they are leading the way today with record new wind and solar project completions, the latest edition of Climatescope concludes.
Climatescope, the clean energy country competitiveness index and online tool supported by the UK and US governments offers a compelling portrait of clean energy activity in 58 emerging markets in Africa, Asia and Latin America and the Caribbean. The group includes major developing nations China, India, Egypt, Pakistan, Brazil, Chile, Mexico, Kenya, Tanzania and South Africa, as well as dozens of others. Visitors to www.global-climatescope.org can use the site to learn about clean energy policy and activities in individual nations, download extensive datasets, and compare countries on their performance.
This marks the third year Climatescope has been conducted globally and reflects activity in 2015, a year that culminated with the signing of the Paris Climate Agreement at UNsponsored talks in December. In the run-up to those negotiations, three quarters of the Climatescope nations submitted or reiterated pledges to cut their future CO2 emissions. An even higher number are now on record with promises to achieve certain clean energy consumption goals in coming years.
These countries are not waiting to get started on adding renewable capacity, however. Between them, they added 69.8 gigawatts of new wind, solar, geothermal, and other renewable power generating capacity in 2015 – the same as total installed capacity in Australia today. China accounted for the majority of activity in Climatescope countries, but smaller nations also played important roles. By comparison, wealthier Organisation for Economic and Co-operation and Development (OECD) countries built 59.2 gigawatts last year.
The UK Government Department for International Development (DFID) is focused on promoting economic development opportunities to help developing countries lift themselves out of poverty and, with the US Agency for International Development (USAID), have, commissioned Bloomberg New Energy Finance (BNEF) to analyze and rank development prospects for solar, wind, small hydro, geothermal, biomass, and other zero-carbon emitting technologies (excluding large hydro). In many developing countries a lack of reliable energy inhibits economic growth. The report provides the research needed to drive investment into developing economies and to secure clean, stable energy supplies for millions of the world's poorest people.
A country’s ranking depends upon various factors: its clean energy investment policy, its market conditions, the structure of its power sector; the number and makeup of local companies operating in clean energy; and efforts toward reduction of greenhouse gas emissions. The final output is the most comprehensive, one-stop source for decision makers to learn more about the market
All of the research is easily accessed at global-climatescope.org, which includes an interactive tool for users to pinpoint specific information, from the most granular country details to specific sector analysis. The website also allows for complete downloads of the Climatescope data in Excel format.
Climatescope was first developed in 2012 by the Multilateral Investment Fund of the Inter-American Development Bank and BNEF, and initially evaluated 26 countries in Latin America and the Caribbean. In 2014, it was expanded to include 19 countries in Africa, 10 in Asia, as well as 15 provinces in China and 10 states in India thanks to additional support from DFID and USAID. In 2015, the project was expanded again with the addition of Egypt, Jordan, and Morocco to the list. For more information go to: global-climatescope.org or email: email@example.com
The Department for International Development (DFID) leads the UK government’s work to end extreme poverty. A ministerial Department focused on tackling the global challenges of our time, including poverty and disease, mass migration, insecurity and conflict. DFID’s work is building a safer, healthier, more prosperous world for people in developing countries and in the UK too. www.gov.uk/dfid
USAID’s mission is to advance broad-based economic growth, democracy and human progress in developing countries. To do so, we are partnering with developing nations and other actors, making innovative use of science, technology and human capital to bring the most profound results to the greatest number of people.
Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of 200 experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers navigate change in an evolving energy economy. Leveraging the most sophisticated new energy data sets in the world, BNEF synthesizes proprietary data into astute narratives that frame the financial, economic and policy implications of emerging energy technologies. Bloomberg New Energy Finance is powered by Bloomberg’s global network of 19,000 employees in 192 locations, reporting 5,000 news stories a day. Visit https://about.bnef.com/ or request more information at firstname.lastname@example.org
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