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  • China's overseas investment in renewable energy has surged, but coal still dominates

China's overseas investment in renewable energy has surged, but coal still dominates

The "One Belt And One Road" initiative, proposed by the Chinese government, aims to promote economic and trade exchanges between dozens of countries in Asia and Europe in the form of energy and infrastructure investment.

According to a study released by the green energy group on July 29, China has invested 12,600 megawatts of wind and solar power in One Belt And One Road countries since it launched the "One Belt And One Road" initiative in 2014, compared with 4,500 megawatts of solar power invested before 2014.

Since 2014, China has invested 67,900 megawatts of new coal-fired power capacity in One Belt And One Road countries, but liu junyan, climate and energy researcher at greenpeace, said the increase in the share of investment in renewable energy should be welcomed.

"Unfortunately, China currently invests about the same proportion of coal and solar energy both at home and abroad, six to one, but what is surprising is the potential that China has brought with its overseas solar investment over the past five years."Mr Liu said.

To reduce coal's share of the energy mix, China has built dozens of new renewable energy projects across the country.By the end of 2018, coal's share of China's energy mix had fallen to 59 per cent.China is also encouraging existing coal plants to use ultra-low carbon technologies.

However, China has been criticized for investing in overseas coal power projects that don't meet emissions standards.A study published earlier this year found that China accounted for a quarter of the world's new coal-fired power plants.

China expects 40, 000 megawatts of solar power to be installed in the country this year, officials said on July 26.

In July, state grid researchers said they expected China's coal-fired power capacity to increase by 45,000 megawatts this year, bringing its total installed capacity to about 1.3 million megawatts, up from 11,400 megawatts at the end of last year.


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