A new report published by an association of think-tanks called the Global Climate Network (GCN) argue that governments of richer countries must do more to convince their private sectors to invest into poorly understood clean energy markets. Developing countries are urged to drastically increase investment in renewable energy to meet their energy supply and climate objectives in the future.
Researchers examined clean energy projects in China, India, Nigeria and South Africa and found that investment in clean energy needs to rise from $34bn (£21.2bn) in 2009 to an average of $63.6bn a year between 2010 and 2020 just to meet the environmental targets governments in these countries have already set. This would make up a significant proportion of the $100bn per year developed nations have promised poorer countries to help mitigate the effects of climate change.
See full Article.
Posts
