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The New Clean Energy Powers: Europe Slides, Developing Nations Surge

Europe was once the world's leading light in the clean energy revolution. In 2010 clean energy investment in Europe peaked at $131.7 billion — far and away the highest of any other region in the world.

But fast forward five years and there's a few new kids on the block who unceremoniously have grabbed Europe's title as the world's dominant clean energy market.

New analysis by Bloomberg New Energy Finance (BNEF) and the United Nations Environment Programme (UNEP) reveals last year clean energy investment in Europe fell 21 percent to $48.8 billion as clean tech investors set their sights on developing economies such as China, India and even South Africa.

Investments in renewable energy in developing markets rose dramatically in 2015, up 19 percent compared to 2014, reaching an investment total of $156 billion. According to the BNEF and UNEP researchers, this is the first time emerging economies have overtaken developed nations in terms of clean energy investment.

Oregon Department of Agriculture

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