Poor Nations Beating Rich Nations in Alternative Energy Race

A recent study of 55 nations, found that wealthy, developed countries have developed an 84% growth rate in using renewable energy sources from 2008 to 2013. Sounds good, right? On paper it sounds nice. Until you see that much poorer nations have experienced a 143% growth in the same time period!

Why is it that poorer nations are moving faster toward greener energy? Well, it’s economics. While the nations themselves are poor, investing in renewable energy is providing much cheaper power than their fossil fuel counterparts. Meanwhile, wealthier nations can afford to keep using fossil fuels, so there is less motivation to use more renewable sources. With that said, it shouldn’t be long before other energy sources are depleted and wealthier nations move forward as their poorer counterparts have done.

Read the full article about this study here:: Poor Nations Go for Solar, Wind at Twice the Pace of Rich Ones

Speak Your Mind