Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
China plans $738 billion investment in renewable energy
Bloomberg is reporting that China will invest 5 trillion yuan (nearly $740 billion) over the next 10 years into renewable energy projects.
China was already the world leader in clean energy investment, according to a report from The Pew Environment Group. China beat out the United States for the #1 spot in 2009. That same year, China topped the US’s energy consumption. The International Energy Agency finds China’s energy use more than doubled since 2000.
2009 Clean Energy Investment and Ranking (from Pew)
China $34.6 billion
United States $18.6 billion
United Kingdom $11.2 billion
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.