If you are a power plant developer, chances are you will be selling renewables in a developing nation in the decades ahead—even with fossil fuel prices bumping along historic lows.
That has, for some time, been the conclusion of the International Energy Agency and independent researchers such as Bloomberg New Energy Finance (BNEF). A report out March 24 from the United Nations Environment Program (UNEP) using BNEF data gives more statistical backing for the trends.
For the first time in 2015, more investment went into renewables than fossil fuels, and most of the money went to emerging markets. BNEF is ...
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