Developing nations are moving toward cleaner power but not nearly fast enough to limit global CO2 emissions. Due to economic slowdown, investment in new wind, solar, and other non-large hydro renewables projects in China fell to $86 billion in 2018 from $122 billion in 2017.
Financing of clean energy projects in India and Brazil also slipped $2.4 billion and $2.7 billion, respectively from the year prior.