China Is Exporting Clean Energy With One Hand, Coal With The Other | CleanTechnica

China Is Exporting Clean Energy With One Hand, Coal With The Other | CleanTechnica

At the same time as China is leading the world in exporting green environmental goods and services and building up the globe’s largest renewable energy industry, the country is also simultaneously funding over a quarter of the coal plants currently under development outside of the country.

Specifically, a new report, published by the Institute for Energy Economics and Financial Analysis (IEEFA), shows China is among the top global lenders in outbound clean energy investment — which is to say, in addition to the investment the country is directing to its own renewable energy industry, its financial resources are also going to support the development of clean energy industries around the world. However, China has also committed $35.9 billion in funding for 102 gigawatts (GW) of coal projects in at least 27 countries around the world.

via China Is Exporting Clean Energy With One Hand, Coal With The Other | CleanTechnica