Global Clean Energy Investment in Developing Countries Hits $21.57 Billion, Nigeria Among Beneficiaries — UNFCCC

Global financial flows to developing nations, including Nigeria, for clean energy projects have surged to $21.57 billion, up from $12.14 billion in 2015, according to the UNFCCC Yearbook of Global Climate Action 2025. The report, titled “Marrakech Partnership for Global Climate Action,” highlights growing investor confidence in renewable energy and sustainable infrastructure across the Global South.

Clean energy funding has now overtaken fossil fuel investment by a ratio of 10:1, a fivefold increase from 2015. This shift is driven by falling renewable technology costs, electrified transport initiatives, and stronger investor appetite for low-carbon infrastructure, with solar, wind, and battery storage projects leading the way.

In Nigeria, this global surge offers opportunities to expand decentralized energy systems, mini-grids, and off-grid solar solutions, potentially unlocking a $2.5 billion carbon market. Experts emphasize that policy support, strategic investment, and rapid implementation will determine whether Nigeria can capture its fair share of climate finance and accelerate progress toward universal electricity access by 2030 and net-zero emissions by 2060.

Despite progress, the UNFCCC warns that climate finance remains concentrated in a few countries, and more equitable distribution is essential to meet global energy and sustainability goals.