Digging into history, the global industrial revolution occurred in two phases, between 1750 and 1850, and the second industrial revolution between 1850 and 1914 respectively. The industrial revolution also occurred in three waves, with the first wave covering Great Britain, France, Belgium, the United States of America, and Germany. The second wave occurred in Italy, Spain, and Portugal to mention a few, with the last wave covering Asia, Africa, and Latin America. Save for the Asian Tigers, to date, the economic prosperity of global nations still follows these waves, with first movers still enjoying the early bird fruits, and late comers still picking up the pieces.

Digging into history, the global industrial revolution occurred in two phases, between 1750 and 1850, and the second industrial revolution between 1850 and 1914 respectively. The industrial revolution also occurred in three waves, with the first wave covering Great Britain, France, Belgium, the United States of America, and Germany. The second wave occurred in Italy, Spain, and Portugal to mention a few, with the last wave covering Asia, Africa, and Latin America. Save for the Asian Tigers, to date, the economic prosperity of global nations still follows these waves, with first movers still enjoying the early bird fruits, and late comers still picking up the pieces.

Ferroukhi said there is almost a “natural” fit between institutional investors and renewable energy, made stronger by economic and policy-related benefits.