Almost half of global investment in new electricity generation last year was in renewables, thanks to a hike in investment by developing countries, says a UN report.
Global investment in green energy rose 17 per cent, but developing countries saw a surge of 36 per cent. The big spending was on solar power in Asia, as well as on wind turbines in the North Sea.
Chinese investment – up 37 per cent at $83 billion – again beat the US. But Brazil, India and South Africa were all in the top 10 investors, while Indonesia, Chile, Mexico, Kenya and Turkey all invested more than a billion dollars in green electricity in 2014.