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Clean energy largest driver of Chinese GDP growth in 2023: Report

From channelnewsasia.com

Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released on Thursday (Jan 25). China is the world's biggest emitter of greenhouse gases driving climate change, but it is also the top producer of wind and solar energy. Faced with soaring energy consumption, the country has turbocharged its use of renewables – but also in 2022 approved its largest expansion of coal-fired power plants since 2015, despite President Xi Jinping pledging to peak CO2 ... (full story)

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  • Category: Fundamental Analysis