China’s Global Renewable Energy Expansion: How the World’s Second-Biggest Economy Is Positioned to Lead the World in Clean-Power Investment

Institute for Energy Economics and Financial Analysis (IEEFA)
http://bit.ly/2jj9g4q

[Press Release] China will likely expand its dominance of the booming global renewable- and clean-energy industries as new American energy policies come into play, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA)...

Tim Buckley, lead author of the report and IEEFA’s director of energy finance studies, said the U.S. will very likely become less competitive economically if the Trump administration is able to deliver on its intentions to slow a global energy transition that is gaining momentum.

“The U.S. is already slipping well behind China in the race to secure a larger share of the booming clean energy market. With the incoming administration talking up coal and gas, prospective domestic policy changes don’t bode well,” Buckley said. “If the U.S. is serious about stimulating manufacturing-based growth, clean energy isn’t a sector to turn away from.”

The report details how China made a record $32 billion in overseas investment deals in 2016 alone, marking a 60 percent year-on-year rise in spending...

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