RENEWABLE power is now the made portion of China's Belt and Road initiative energy investments as the Covid crisis has sped-up a shift away from fossil fuels, reports London's Financial Times.
Wind, solar, and hydropower made up 57 per cent and US$11 billion of China's total investment in energy infrastructure in 2020, up 38 per cent from 2019.
However, coal investments took up a larger portion of China's $20 billion total of energy investments, up 15 per cent in 2018 to 27 per cent last year.
The green milestone was accomplished as Chinese foreign direct investment under the BRI continued to fall from 2015. Chinese investment in BRI countries declined 54 per cent to $47 billion.
SeaNews Turkey
Wind, solar, and hydropower made up 57 per cent and US$11 billion of China's total investment in energy infrastructure in 2020, up 38 per cent from 2019.
However, coal investments took up a larger portion of China's $20 billion total of energy investments, up 15 per cent in 2018 to 27 per cent last year.
The green milestone was accomplished as Chinese foreign direct investment under the BRI continued to fall from 2015. Chinese investment in BRI countries declined 54 per cent to $47 billion.
SeaNews Turkey