China is the most attractive among developing nations for low-carbon investment and deployment, according to an analysis by the Climatescope project, a partnership among various international development agencies and Bloomberg New Energy Finance. China received top marks because it is the largest manufacturer of wind and solar equipment in the world, has the largest demand market for wind and solar energy, and has taken major strides to improve its domestic policy framework score, the analysis said.

Brazil ranked second, largely due to the country’s aggressive approach to clean energy development and the availability of low-cost capital through its national bank, the report said. South Africa ranked third, and the analysis noted the nation had attracted $10 billion in clean energy investments in 2012 through 2013. The project ranked 55 developing countries on their past, present, and future ability to attract investment for clean energy companies and projects.

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Yale Environment 360 is an online magazine offering opinion, analysis, reporting and debate on global environmental issues. We feature original articles by scientists, journalists, environmentalists, academics, policy makers, and business people, as well as multimedia content and a daily digest of major environmental news. Yale Environment 360 is published by the Yale School of Forestry & Environmental Studies and Yale University. We are funded in part by the Gordon and Betty Moore Foundation and by the John D. and Catherine T. MacArthur Foundation. The opinions and views expressed in Yale Environment 360 are those of the authors and not of the Yale School of Forestry & Environmental Studies or of Yale University.