The Global South can be a Renewable Superpower
https://ethicalrevolution.co.uk/the-global-south-can-be-a-renewable-superpower
According to the RMI every fifth country in the Global South already has a higher mix of renewables than the Global North. What’s more it controls 70% of global solar and wind resources and 50% of critical minerals.
The RMI say that three in four of the countries of the Global South are in the “sweet spot” of falling cost of renewables triggering a cleantech “revolution”.
They predict fossil fuel demand for electricity to peak in the region by 2030 and that the Global South, “would not serve to prop up declining fossil fuel demand elsewhere“.
The RMI do still stress the need for more action to speed up change. Notably more renewables-friendly policies and further reduction in financing costs for green energy in developing nations is required.
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