Tuesday, January 10, 2017

China, renewable energy and $361 billion

"China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.

The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in a blueprint document that lays out its plan to develop the nation's energy sector during the five-year 2016 to 2020 period."

The renewable energy push has moved on to being funded at a national level across the globe. Read the complete article on China's push here. For China, the impact on the quality of life of its population will be the most significant impact for the long run.