China pivots toward renewable energy in global investments

China invested more in overseas wind and solar energy projects than in coal from 2022 to 2023, a first for its Belt and Road Initiative, though older coal projects are still coming online.

Katie Surma, Georgina Gustin and Nicholas Kusnetz report for Inside Climate News.


In short:

  • A Boston University analysis found 68% of China’s overseas energy investments in 2022–2023 went to solar and wind, up from just 13% between 2000 and 2021.
  • While new coal plant financing has stopped, earlier investments continue to result in new coal power plants coming online, which could emit as much CO₂ annually as Austria.
  • China’s shift is partly driven by a need to export surplus renewable technology amid economic challenges and has included a recent $51 billion pledge to support low-carbon energy in Africa.

Key quote:

China has built “the world’s largest and fastest-growing renewable energy system as well as the largest and most complete new energy industrial chain.”

— Xi Jinping, president of China

Why this matters:

The shift in China's overseas energy financing has far-reaching implications for both global carbon emissions and the geopolitics of clean energy. While Beijing's move away from coal-backed infrastructure projects aligns with climate goals, the follow-through on existing fossil fuel investments continues to embed long-term carbon pollution in developing nations. These coal projects, built decades after wealthy nations began cutting back on such infrastructure, risk locking lower-income countries into emissions-intensive economies just as the global push to decarbonize accelerates. Environmental groups remain concerned about how this dual strategy affects vulnerable regions, especially as countries in Africa and Southeast Asia weigh economic growth against environmental health. With the U.S. government retreating from global climate cooperation under the Trump administration, China’s approach may increasingly shape which technologies and environmental practices take hold in emerging markets.

Read more: As U.S. shifts away from clean energy and deeper into fossil fuels, China plows ahead

The River Thames and ferris wheel next to a large building on a sunny day

Powered by sunshine: London fruit and veg market now home to the city’s largest rooftop solar project

A sprawling London fresh produce market is producing its own power thanks to record-breaking rooftop solar.
Side view of red seats at a movie theater

The climate disaster behind 'The Odyssey'

New research finds the Bronze Age collapse of civilization emerged from water scarcity. Are droughts today pushing us toward a collapse of our own?
A pathway made from overlapping cement arches

The circular chemistry that could make cement carbon-negative

By closing the loop on the same reaction that makes cement, researchers say plants could capture more carbon dioxide than they release.

A red, high-speed passenger train hurtling down the tracks

Sun-Ways is testing out train track solar farms

A pilot program placing solar panels between the rails has proven successful enough that the idea is spreading to Italy, France, and Korea.

Hanging glacier with meltwater and snow sloughing from the tongue

Climate crisis could be destabilizing mountain areas like Nepal, experts warn

Unusual heat this year may have melted ice and thawed bonds that hold glaciers in place — leading to catastrophe.

A black woman sitting on a sofa with a blue hand fan

As Texans’ electricity costs soar and temperatures rise, a public health crisis brews

This is the first installment of “Powerless,” a series from Public Health Watch examining how rising temperatures and skyrocketing electricity costs are placing Texans in danger.
Offshore wind turbines against a setting sun

$900M from a canceled wind deal will benefit a Trump donor

The Trump administration’s latest deal to abandon offshore wind projects and boost investment in fossil fuels is set to deliver a windfall to a private equity firm run by one of the president's major donors.

From our Newsroom
Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

One facility has emitted cancer-causing chemicals into waterways at levels up to 520% higher than legal limits.

Regulators are underestimating health impacts from air pollution: Study

Regulators are underestimating health impacts from air pollution: Study

"The reality is, we are not exposed to one chemical at a time.”

Pennsylvania governor Josh Shapiro speaks with the state flag and American flag behind him.

Two years into his term, has Gov. Shapiro kept his promises to regulate Pennsylvania’s fracking industry?

A new report assesses the administration’s progress and makes new recommendations

silhouette of people holding hands by a lake at sunset

An open letter from EPA staff to the American public

“We cannot stand by and allow this to happen. We need to hold this administration accountable.”

wildfire retardants being sprayed by plane

New evidence links heavy metal pollution with wildfire retardants

“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.

Stay informed: sign up for The Daily Climate newsletter
Top news on climate impacts, solutions, politics, drivers. Delivered to your inbox week days.