In 2017, China has continued to be the world’s dominant force in the building and financing of clean energy technology globally. Indications are that renewable energy will dominate global power capacity additions for at least the next two decades. China is preparing now to lead this new energy world. The withdrawal of the U.S. from the Paris climate agreement along with an increased U.S. government emphasis on coal and away from renewables is at odds with the direction being taken by China.
"The clean energy market is growing at a rapid pace and China is setting itself up as a global technology leader whilst the U.S. government looks the other way,” Buckley said. Although China isn’t necessarily intending to fill the climate leadership void left by the U.S. withdrawal from Paris, it will certainly be very comfortable providing technology leadership and financial capacity so as to dominate fast-growing sectors such as solar energy, electric vehicles and batteries.
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