China leading on world’s clean energy investment

China is by far the largest force in global clean energy development.


China is by far the largest force in global clean energy development.

The latest report 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.

Chinese support for and financing of overseas coal power investments has been widely reported. Yet the country’s firms and financial institutions are also investing abroad heavily in clean technology.

From solar to electric vehicles, Chinese firms are increasingly looking abroad for new opportunities, IEEFA says, with their clean energy projects and takeovers totaling more than $44bn in 2017.

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