Gore says clean energy momentum in developing nations is a climate bright spot

What Gore is seeing

On Wednesday at a Bloomberg Green gathering in Antalya, Turkey, former US vice president Al Gore, who chairs Generation Investment Management, said that the quick rollout of clean power and other green technologies in developing nations stands out as a positive sign for cutting emissions. He added that swift uptake of solar in countries such as Pakistan and Nigeria, coupled with increasing sales of Chinese electric vehicles worldwide, is helping to curb the climate impact of growth in emerging economies.

"There's a real possibility that future historians will look back on 2026 as a real turning point," he said. He delivered the comments in the resort city while almost 200 nations gathered for COP31, the United Nations' annual climate talks.

The finance bottleneck

Gore argued that developing nations require much improved access to climate finance, including capital from private investors. He noted that even when they obtain funding, borrowing costs can pinch, with interest rates that may be many times higher than those faced by wealthier countries.

"We have to give developing countries access to the allocation of private credit around the world," he said. "We have this hybrid public private system, and it operates very unfairly where developing countries are concerned."

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Why it matters for your portfolio

For investors, the signal is straightforward: clean energy and EV adoption in developing regions is gaining speed, while financing remains a constraint as borrowing costs run far higher than in rich countries. Watching both the deployment trends and the cost of capital in these markets can help frame how climate efforts progress and where capital might be needed most.

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