Suggested citation: Bond, Kingsmill, Arunabha Ghosh, Ed Vaughan, and Harry Benham. 2021. Reach for the sun: The emerging market electricity leapfrog. A Carbon Tracker-CEEW report. London: Carbon Tracker.
This study provides an overview of the emerging market electricity leapfrog. It demonstrates that emerging markets will not follow the same path to renewables as the developed markets. The study discusses how the developing countries are about to leapfrog fossil fuels in this decade to generate all the growth in their electricity supply from renewables. It focuses on types of leapfrog, the different groups of emerging markets, how advanced the leapfrog is, the forces driving the leapfrog as well as the various barriers to change.
The emerging markets are key to the global transition. 88% of the growth in electricity demand between 2019 and 2040 is expected to come from the emerging markets. If they do not leapfrog to renewables, there will be no global energy transition.