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A better title would be "Non-OECD countries begin to outspend OECD countries in clean-energy investment" rather than "Poor outspend Rich." China may be relative
by roymurdock 11y ago
A better title would be "Non-OECD countries begin to outspend OECD countries in clean-energy investment" rather than "Poor outspend Rich." China may be relatively poor in terms of GDP/capita ($6,800 vs $53,000 in US) but its nonsensical to refer to it as a poor country in terms of overall GDP and volume of economic activity.
Here is the real story:
China has wasted no time in directing billions of dollars into its clean energy sector. Currently, the
country is the world’s leading investor in renewables. In 2014, China increased its investment to
US$89.5 billion, up 32% from the previous year. This was nearly 73% more than the US, the next
largest investor. [1]
[1] http://www.theclimategroup.org/_assets/files/RE100-China-analysis.pdf http://www.theclimategroup.org/_assets/files/RE100-China-ana...