EconomyThe solar boom is rapidly transforming emerging economies
Renewable electricity has become cheaper, prompting many emerging economies from Southeast Asia to Sub-Saharan Africa to invest directly in solar, wind and hydropower rather than follow the fossil-fuel path taken by the West. Faster, cheaper renewable projects and falling prices for electrical appliances and electric vehicles are making electrification an increasingly attractive economic as well as climate choice.
The solar boom is rapidly transforming emerging economies
Economy