Already, developing countries have poured in bulk investments of US$63 billion for solar technologies and US$58 billion for wind technologies — matching figures of investments by developed nations, says the Renewables 2015 Global Status Report released this week during the Asia Clean Energy Forum 2015 at the Manila headquarters of the Asian Development Bank.

Between 2013 and 2014, nearly half of the total US$270 billion global investments on renewable energy were from developing countries, according to data from the UN Environment Programme.

In developing Asia, two countries figured in the global top ten list of countries generating the most number of jobs in the renewable energy sector: India, with 437,000 jobs, and Bangladesh, with 129,000 jobs, noted the report issued by the Renewable Energy Policy Network for the 21st Century (REN21).

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