Dominant Contribution of the Developing Countries to the Renewable Energy Sector

Abstract

Several developing countries have become world leaders in the field of renewable energy, of which China, but also Brazil and India stand out. This research paper focuses on the positions they occupy in the world rankings of hydro, wind, solar and bio energy capacities, as compared to the developed countries. At the same time, the investigation points to specific catalysts or, on the contrary, deterrents of the “green revolution” in the developing world. Hydropower is the most important form of renewable energy in all the three countries included in this evaluation. It is underscored that China is the first one in each of the four world rankings, taking into account the total installed capacity of renewable energy: hydro, wind, solar and bio. It is also the largest investor in renewable energy capacity worldwide. Brazil ranks second as regards hydropower and bioenergy capacities, while India ranks fourth in wind and bioenergy.

Keywords

• renewable energy
• green economy
• installed capacity
• national energy policies