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Nika Knight – China Leaves U.S. in Dust With $361 Billion Renewable Energy Investment

While climate activists in the U.S. mount a resistance to the incoming climate-change-denying Trump administration, on the other side of the Pacific, environmentalists have reason to celebrate: China on Thursday announced that it will invest $361 billion in renewable energy by 2020.

Reuters reports:

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 NEA said installed renewable power capacity including wind, hydro, solar, and nuclear power will contribute to about half of new electricity generation by 2020.

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