China’s $100bn cleantech investment turbocharging global energy transition
China’s unprecedented “tsunami” of foreign investment in renewable energy and transport electrification projects since 2023 is turbocharging the global energy transition, according to a report. The Green capital tsunami report from Climate Energy Finance (CEF), a Sydney-based research group, outlines how China is leading the decarbonisation race. The report findings reveal how China is leading the world in every aspect of decarbonisation – in R&D, investment, innovation, manufacturing, installation and exports of key clean energy technologies spanning solar, wind, batteries, new energy vehicles, grids, hydro and green hydrogen. Its domestic cleantech investment is double that of the EU and the US. Based on investments currently proposed and confirmed, the report calculates that Chinese…