- Investments in clean energy are now seven times larger than in fossil energy in the Global South’s electricity production, compared to an even split ten years ago.
- One-fifth of countries in the Global South have already surpassed wealthy nations in key statistics on solar and wind power usage or electrification.
- In eight countries in sub-Saharan Africa, solar energy’s share of electricity is more than twice as high as in the USA.
Dramatic reallocation of capital
A new report from RMI shows that countries in the Global South – which includes Latin America, Africa, South Asia, and Southeast Asia – are increasing their share of electricity from solar and wind power twice as fast as countries in the Global North.
Investment patterns for electricity have changed dramatically. In 2024, investments in clean energy sources exceeded fossil fuels by seven times in the Global South’s electricity capital, compared to an even split…
