Felicia Jackson writes on Forbes that emerging economies have set a record in renewable energy investments.
- In developing and developed economies alike, it is more cost-effective to invest in solar and other renewable energy than it is to invest in traditional energy sources such as coal.
- Although it remains to be seen if this trend will continue post-pandemic, markets are paving the way for a low carbon energy transition.
- It is important to continue an all of the above energy approach that includes natural gas and nuclear energy in order to keep prices low and provide reliable electricity.
“According to BloombergNEF’s 2020 Climatescope findings, for the first time, renewables (including hydro) accounted for the majority of new capacity added in the 106 other emerging markets (excluding Mainland China and India). Gas build fell to its lowest level in these markets since 2014, with just 17GW added.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
