Clean Energy Superpower

China invests $47 billion in solar panel manufacturing

Notwithstanding the country’s voracious appetite for coal and oil, China will invest more than $6 trillion in low-carbon power generation and other clean-energy technologies over the next 20 years. Global energy demand is expected to rise 30 percent by 2040 with investments in new power generation capacity expanding to $10.2 trillion. The majority of that investment— nearly $7.4 trillion— will be in renewable energy generating capacity.

Link to article: https://www.brookings.edu/blog/techtank/2018/11/27/chinas-belt-and-road-initiative-is-poised-to-transform-the-clean-energy-industry/