The Global South Doubles the Global North’s Renewable Energy Growth Rate
A new RMI report has found that countries in the Global South are experiencing a surge in clean energy investment. In the past, many renewable energy experts cautioned against concentrating most of the world’s clean energy funding in developed nations of the Global North. However, new research now shows that the Global South's renewable energy growth rate is twice the rate seen in the Global North. The Global South includes Southeast Asia, South Asia, Africa, and Latin America. RMI’s report found that green energy investments in the Global South were seven times larger than fossil fuel investments, compared to a…