2nd Most Attractive Emerging Market for Renewable Energy Investment
With a power score of 2.65, the Philippines has emerged as the second most attractive developing economy for renewable energy investment, according to the 2024 Climatescope report by BloombergNEF (BNEF).
This marks a significant improvement for the country, climbing two spots from 4th place in 2023.
The Philippines’ power score surpasses the Asia-Pacific regional average of 1.94.
The Climatescope report evaluates clean energy progress and market attractiveness across 110 developing countries using 100 indicators. These nations account for nearly two-thirds of global clean energy output and 82% of the world’s population.