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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 billion or 18% came from sources outside those countries.

Coal 243
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China’s new energy buses are re-exported to Europe

Setec Powerr

Per Thorsell, CEO of Bergkvarabuss, said: “As one of the largest bus companies in Sweden, it is vital that we participate and lead the entire transport industry, and the development of electrified public transport is one of the key steps in tackling climate change and achieving green development.

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