Renewables Boom in Developing Nations

Renewables Boom in Developing Nations

Update: 2025-11-19
Share

Description

Renewable energy, particularly wind and solar, is thriving in developing countries, becoming the preferred choice for power generation due to their affordability. These clean energy sources are not only saving money but also driving economic growth and prosperity. The cost of installing and running renewables has significantly decreased, with solar energy experiencing a ninety percent price reduction since 2010. This makes renewables a more attractive investment than fossil fuels, and the money spent on green energy tends to stay within local communities, boosting local incomes. Renewables are particularly suitable for rural areas, with decentralized systems like solar mini-grids or rooftop panels providing reliable and affordable electricity. Many emerging economies, including Pakistan, Brazil, Chile, and Kenya, are rapidly adding renewable energy capacity, with sixty-three percent of emerging markets in Africa, Asia, and Latin America now getting more of their power from solar than the United States. Despite some concerns, affordable supplies from China have been crucial for these economies to develop sustainably.

The Daily News Now! — Every city. Every story. AI-powered.


Hosted on Acast. See acast.com/privacy for more information.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Renewables Boom in Developing Nations

Renewables Boom in Developing Nations