China leading on world’s clean energy investment, says report

(Eco Business, 10 Jan 2018) China is by far the largest force in global clean energy development and its firms are increasingly looking abroad for opportunities, a new report says.

The report, released on January 9 by the US-based Institute for Energy Economics and Financial Analysis (IEEFA), details the rising importance of China’s firms and investors for low-carbon projects outside the country.

While it has been widely reported that China is investing in coal abroad, the new report highlights how the country is also investing abroad heavily in renewable energy, energy efficiency and electric cars.

Although China is still investing in some coal projects around the world, it has become clear that renewables will be the dominant energy technology in the coming decades, says report co-author Tim Buckley. China is setting itself up as a global technology leader and will embrace the direction energy markets are moving, he adds.

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Eco Business, 10 Jan 2018: China leading on world’s clean energy investment, says report