Enjoy a 15% discount on all purchases until the 31st of March 2023 using the promo code EOFWEB22 at check out!

B2B Explore insights impacting the B2B environment, including production and supply network, and the trends that are evolving the global consumption of ingredients and packaging materials across a changing consumer goods marketplace.

Green Power Boom: Developed Countries Reclaim the Leading Position in Renewable Energy Growth

Euromonitor International Profile Picture
Euromonitor International Bio

While rapid advancements on the clean energy front are often associated with Europe or North America, in 2015, emerging countries exceeded the developed world in terms of renewable energy investments for the first time. China was the primary driver of impressive growth in solar and wind power capacity over 2013-2015, while Western economies experienced a retraction after enjoying a wave of investment inflows, fueled by generous subsidy schemes, a couple of years earlier.

However, 2016 was as a year of slowdown in global clean energy expenditure, with recent boomer China turning its attention to investments in power grid and electricity market reforms, in order to integrate new renewable capacity. As a result of a 32% decline in Chinese renewable energy investment, developed countries regained the lead in 2016. Despite the nudge, developing economies will continue to be the focal point of investors’ attention in the future however, mostly due to immense clean energy growth potential in countries such as India and Brazil.

global new investments in renewables 2006-2016 developed vs developing countries. Decline in new investments into renewable energy in china in 2016 -32%. future growth of electricity industry 2016-2021, electricity output from renewables 2006-2016.


Interested in more insights? Subscribe to our content

Latest Insights

Unwrapping Sustainable Packaging

Jorge Zuniga 17 March 2023

Shop Our Reports

Beyond Beer and Soda: Cans and the Future of Beverages Packaging in the Americas

The metal beverage can is gaining ground rapidly in the beverage industries of both Latin and North America. Cans continue to grow share in their core…

View Report

Global Industrial Trends

This report provides a global overview of industrial trends from 2022 through to 2027 for the key manufacturing and service sector industries. Insights analyse…

View Report

The Need for Ingredient Diversification in Foods

In 2022, the combination of COVID-19, geopolitical tensions and increased climate events deepened disruptions to food supply. Combined with mounting health and…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More