Clean Energy Investment in Emerging Markets Eclipses Activity in Rich Countries for the First Time

By Julia Pyper, Greentech Media.

Emerging economies attracted record levels of clean energy investment last year, surpassing investment in wealthier nations for the first time ever, according to a new report by Bloomberg New Energy Finance (BNEF).

In 2014, the 55 developing nations studied in the Climatescope reportbrought in $126 billion in clean energy investment -- up $35.5 billion, or 39 percent, from 2013 levels.

These countries installed a total of 50.4 gigawatts of new clean energy capacity last year -- up 21 percent from 2013. In another first, renewable energy capacity deployed in emerging markets surpassed the amount deployed in wealthier OECD countries.