China is again world leader in clean energy investments

Drew US$65 billion in clean energy investment last year, or 30% of all investments.

A report released by the Pew Charitable Trusts said China overtook the United States last year as the global leader in clean energy investment as American spending on RE plunged by 37%.

Pew said investment in US clean energy dropped despite an increase in spending on home solar and solar-power generation.

Pew said the center of gravity in the clean energy world has shifted from the United States and Europe to China. It said a lack of a national clean-energy policy caused the United States to fall behind in the clean energy race.

The USA led in global clean energy investments until 2009. It traded the top spot with China before reclaiming it during the surge in investment that came along with the stimulus legislation and a record boom in US wind-energy construction.

Pew noted that China’s leaders are focused on developing clean energy. China has aggressive RE targets and helped fund the rapid growth of its solar and wind industries.

Also Read

Carbon capture and storage outlook worsens amidst high costs, performance

Indian wind and solar projects see improved performance in FY24

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit