A new survey by research firm BloombergNEF found that new investment in clean energy projects dropped significantly last year in developing nations.
BNEF’s Climatescope, an annual survey of 104 emerging markets, also determined that coal-fired power generated and consumed in developing nations leaped nearly 10 percent to 6,900 TWh in 2018. BNEF estimated that the 500 TWh increase was equal to all power consumed in Texas for a normal year.
Coal-fired power is 47 percent of the generation mix across all surveyed emerging markets, the Bloomberg study indicated. Meanwhile, clean energy project investment fell in China, Brazil and India also dropped below 2017 estimates.
Click here to read more of the BNEF Climatescope survey.