The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

China's solar boom lifts clean energy funding to near record

Published Wed, Jan 17, 2018 · 09:50 PM
Share this article.

London

CHINA'S insatiable appetite for solar power led to a surprise increase in global clean-energy investment last year even as US President Donald Trump pushed to undermine pollution rules and curbs on coal.

About US$333.5 billion poured into renewable energy and cutting-edge power technologies, up 3 per cent from 2016 and 7 per cent short of the record set in 2015, according to Bloomberg New Energy Finance. Almost half went to solar projects, and China's investment accounted for 40 per cent of the total.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here