EM renewable energy investment down 20% in 2018 -BloombergNEF
EM renewable energy investment down 20% in 2018 -BloombergNEF: New renewable energy investment in emerging markets fell to USD 133 bn in 2018, down from USD 169 bn the previous year, according to a Climatescope report (pdf) by BloombergNEF. The drop-off in investment occurred in the three biggest markets: China, India and Brazil. China — which accounts for two-thirds of all green investment in EMs — was the biggest contributor, with investment falling by USD 36 bn to USD 86 bn. Financing in India fell by USD 2.4 bn and Brazil by USD 2.7 bn.
It’s a different story outside the big three markets: Green investment rose USD 4 bn to USD 34 bn in other EMs, led by Vietnam, South Africa, Mexico and Morocco. Solar and wind both saw record levels of investment, hitting USD 19 bn up from only USD 5 bn in 2013.
Record FDI in clean energy: Foreign direct investment into clean energy sources hit record levels last year, rising to USD 24.4 bn from USD 22.4 bn in 2017. More than half of this came from EU-based financial institutions, companies and private equity. Development banks were the biggest source of funding, providing USD 6.5 bn to EMs last year.