Lazard

The Developing World Is Taking Over Renewable Energy

5 years ago - Last year, the leading economies in renewable energy investment growth were not to be found in North America or even Europe — the leaders in growth were countries often described as developing, such as China, Brazil, Egypt, the United Arab Emirates and Argentina. These big shifts in renewables investment have, in fact, been emerging since 2004, and portend a strong outlook for continued growth in global renewable energy investment and reaching carbon-reduction targets.