Between now and 2040, emerging markets will develop 5,800 gigawatts (GW) of clean energy projects, of which solar photovoltaics and wind assets represent about 60% and 30% respectively. This corresponds to US$5.1 trillion ($6.68 trillion) in clean energy capital expenditure, say S&P analysts Etienne Gabel and Silvia Macri in an Oct 16 research note.
Emerging markets house more than 50% of the world’s population and hold about half of its power generation capacity, yet their energy demand potential remains largely untapped.
Governments and companies must overcome longstanding problems — such as limited energy infrastructure funding and overreliance on fossil fuels — to tap into these resources, says S&P Global Commodity Insights.
