India Ranks Fourth In Clean Energy Investment
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India Ranks Fourth In Clean Energy Investment

Thursday, 30 October 2014, 09:54 Hrs   |    1 Comments
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WASHINGTON: India ranks fourth among 55 developing nations in clean energy investment, according to a new country-by-country study which is topped by China.

Released by Inter-American Development Bank, the results of the new study Climatescope 2014 suggest renewable technologies can be just as cost-competitive in emerging parts of the world as they are in richer nations.

The study offers the clearest picture yet of clean energy in 55 emerging markets in Africa, Asia and Latin America and the Caribbean.

According to the report, China ranks number one followed by Brazil.

China received the highest ranking as the largest manufacturer of wind and solar equipment in the world and the largest demand market for said equipment.

India has a score of 1.85 points against China's 2.23.

"Climatescope is a critical resource for the Power Africa initiative and our partners, providing an in-depth and objective evaluation of low-carbon energy opportunities in emerging markets, including Africa," said Dr Rajiv Shah of the U.S Agency for International Development Administrator India also had its best performance on Low Carbon, the report said adding that business and Clean Energy Value Chain Parameter III developed clean energy value chains and service providers.

Steadily rising power demand, good-to-excellent renewable resources and often-impaired fossil fuel supply chains make India a growth market for clean energy.

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Source: PTI

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Reader's comments(1)
1: But there is great scope to reach No.1 position for India provided progressive policies in harnessing renewables are followed.
Dr.A.Jagadeesh Nellore(AP),India
Posted by:Anumakonda - 30 Oct, 2014