Mark Fulton and Others
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A key question investors must consider is whether clean energy growth in the BICs countries – Brazil, India and China - can offset weakness in the OECD countries. In 2010 the BICs countries accounted for 16% of global manufactured goods exports and 40% of total world GDP, a contribution on par or greater than that of the OECD. The abilities of the BICs governments to implement policy and successfully bring their clean energy plans to fruition will be essential if the BICs countries are to offset the OECD economies’ problems which lie behind their wavering commitment to clean energy.