The 2018 Climatescope Report, titled Emerging Markets Outlook 2018: Energy transition in the world’s fastest growing economies, reports that the world’s developing countries are driving the global clean power transition, fuelled by sinking technology costs and surging electricity demand.

India will need to invest $23 billion over the next five years to meet its target for 2022 of 40GW of rooftop photovoltaics, according to a new report by Bloomberg New Energy Finance (BNEF).

New investment in clean energy worldwide fell 18% last year to $287.5bn, despite a record year for offshore wind financings, according to the latest authoritative figures from research company Bloomberg New Energy Finance.