Clean energy investments in poorer countries slip

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Investor support for the energy transition surged in 2020, but capital flows to less developed countries slowed as the pandemic raged on

Despite a record-breaking year for energy transition investment in 2020, investors poured $67 billion fewer dollars into clean energy in emerging markets than they did into wealthier countries, a new study from research company BloombergNEF (BNEF) finds. The data suggests that investors retreated hastily from less developed markets to refocus on wealthier countries as the Covid-19 pandemic spread. Energy transition investment in less developed markets fell 10% from 2019-2020, as financiers deployed more funds in traditionally lower-risk OECD countries, according to BNEF’s annual ... More: Official Press Release BloombergNEF

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BNEF, investor, emerging country, COVID-19, capital, development country, Climatescope, poor, ation, investment, greenhouse gas emissions, CO2, zero