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Climatescope's ranking of the most attractive emerging markets for renewable energy investment.

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Rank

Market

Region

Score

1

India

Asia-Pacific

2.73 / 5

2

Philippines

Asia-Pacific

2.65 / 5

3

Mainland China

Asia-Pacific

2.60 / 5

4

Kenya

Africa

2.60 / 5

5

Romania

Europe

2.56 / 5

6

Brazil

Latin America

2.53 / 5

7

Chile

Latin America

2.50 / 5

8

Nigeria

Africa

2.50 / 5

9

Namibia

Africa

2.50 / 5

10

Guatemala

Latin America

2.49 / 5

11

Kazakhstan

Asia-Pacific

2.47 / 5

12

Croatia

Europe

2.45 / 5

13

Colombia

Latin America

2.41 / 5

14

North Macedonia

Europe

2.37 / 5

15

South Africa

Africa

2.33 / 5

16

Moldova

Europe

2.32 / 5

17

Albania

Europe

2.31 / 5

18

Benin

Africa

2.30 / 5

19

Turkey

Europe

2.29 / 5

20

Madagascar

Africa

2.29 / 5

21

Saudi Arabia

Middle East

2.29 / 5

22

Taiwan

Asia-Pacific

2.28 / 5

23

Jordan

Middle East

2.26 / 5

24

Dominican Republic

Latin America

2.25 / 5

25

Bulgaria

Europe

2.23 / 5

26

Bahrain

Middle East

2.22 / 5

27

Peru

Latin America

2.22 / 5

28

Nepal

Asia-Pacific

2.18 / 5

29

Thailand

Asia-Pacific

2.17 / 5

30

Tunisia

Africa

2.13 / 5

31

Nicaragua

Latin America

2.12 / 5

32

Tanzania

Africa

2.11 / 5

33

Costa Rica

Latin America

2.11 / 5

34

Argentina

Latin America

2.10 / 5

35

Pakistan

Asia-Pacific

2.10 / 5

36

Ghana

Africa

2.07 / 5

37

Singapore

Asia-Pacific

2.06 / 5

38

Malaysia

Asia-Pacific

2.06 / 5

39

Jamaica

Latin America

2.04 / 5

40

Burkina Faso

Africa

2.04 / 5

41

Mozambique

Africa

2.04 / 5

42

Serbia

Europe

2.03 / 5

43

Vietnam

Asia-Pacific

2.02 / 5

44

Oman

Middle East

2.02 / 5

45

Indonesia

Asia-Pacific

2.01 / 5

46

United Arab Emirates

Middle East

1.99 / 5

47

Armenia

Asia-Pacific

1.99 / 5

48

Morocco

Africa

1.97 / 5

49

Togo

Africa

1.97 / 5

50

Sri Lanka

Asia-Pacific

1.97 / 5

51

Uruguay

Latin America

1.96 / 5

52

Honduras

Latin America

1.96 / 5

53

Cambodia

Asia-Pacific

1.96 / 5

54

Lebanon

Middle East

1.92 / 5

55

Panama

Latin America

1.91 / 5

56

Uganda

Africa

1.89 / 5

57

Bangladesh

Asia-Pacific

1.89 / 5

58

Niger

Africa

1.88 / 5

59

Uzbekistan

Asia-Pacific

1.86 / 5

60

Zimbabwe

Africa

1.85 / 5

61

Zambia

Africa

1.85 / 5

62

Malawi

Africa

1.83 / 5

63

Bosnia and Herzegovina

Europe

1.82 / 5

64

Botswana

Africa

1.82 / 5

65

Egypt

Africa

1.82 / 5

66

Liberia

Africa

1.80 / 5

67

El Salvador

Latin America

1.80 / 5

68

Senegal

Africa

1.78 / 5

69

Cameroon

Africa

1.77 / 5

70

Algeria

Africa

1.75 / 5

71

Georgia

Asia-Pacific

1.74 / 5

72

Ethiopia

Africa

1.73 / 5

73

Rwanda

Africa

1.72 / 5

74

Ecuador

Latin America

1.71 / 5

75

Qatar

Middle East

1.71 / 5

76

Mongolia

Asia-Pacific

1.69 / 5

77

Ivory Coast

Africa

1.68 / 5

78

Angola

Africa

1.67 / 5

79

Burundi

Africa

1.67 / 5

80

Mali

Africa

1.65 / 5

81

Myanmar

Asia-Pacific

1.64 / 5

82

Mauritania

Africa

1.64 / 5

83

Azerbaijan

Asia-Pacific

1.63 / 5

84

Mexico

Latin America

1.61 / 5

85

Central African Republic

Africa

1.59 / 5

86

Bolivia

Latin America

1.52 / 5

88

Paraguay

Latin America

1.48 / 5

89

Laos

Asia-Pacific

1.48 / 5

90

Kyrgyzstan

Asia-Pacific

1.44 / 5

91

Sierra Leone

Africa

1.44 / 5

92

Belarus

Europe

1.40 / 5

93

Montenegro

Europe

1.40 / 5

94

Chad

Africa

1.33 / 5

95

Tajikistan

Asia-Pacific

1.33 / 5

96

Somalia

Africa

1.27 / 5

97

Eritrea

Africa

1.26 / 5

98

Iraq

Middle East

1.21 / 5

99

Haiti

Latin America

1.11 / 5

100

Lesotho

Africa

1.10 / 5

101

Kuwait

Middle East

0.95 / 5

102

Guinea

Africa

0.92 / 5

103

Republic of the Congo

Africa

0.90 / 5

104

Venezuela

Latin America

0.76 / 5

105

Turkmenistan

Asia-Pacific

0.54 / 5

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