Developing countries invested more in renewables than developed countries

Frankfurt School of Finance & Management’s report finds that developing countries invested more in renewable energy (excluding large hydro) than developed countries for the first time in 2015, primarily due to China. The investments in the Chinese renewable energy sector have increased by 17% to 102.9 billion USD in 2015, corresponding to 36% of the world’s total investment in renewables.

At the same time, investments in the European renewables market have dropped 21% lower in 2015 to 48.8 billion USD, the lowest level in nine years. In Germany, investments have decreased by 46% to 8.5 billion USD, in 2015. The authors of the report attribute the decline in investment to new rules with respect to on...