Full Title: Powering Up the Global South: The Cleantech Path to Growth
Author(s): Vikram Singh and Kingsmill Bond
Publisher(s): Rocky Mountain Institute
Publication Date: November 26, 2024
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Description (excerpt):
This report provides new analysis that shows the Global South is in fact adopting cleantech faster than the Global North. In Powering Up the Global South, RMI illustrates that Global South countries are deploying cleantech rapidly and will continue to do so as their path to growth.
The research shows that three-quarters of the Global South’s energy demand is in the “sweet spot” of change based on their level of fossil fuel imports, income, energy demand, and available renewable resources.
While there are grounds for optimism, more action is needed to speed up change. Solutions include domestic policy, reform of development banks, catalytic and concessional finance directed especially to poor and vulnerable countries, and technology transfer. As COP29 approaches, now is the time for countries’ policies to reflect the new economic reality of cleantech.