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China to Invest $360bn in Green Energy

China will invest $360 billion in renewable power projects by 2020 as the world’s largest energy consumer moves away from coal

Wind power in China.
China will invest 2.5 trillion yuan ($360 billion) into renewable power projects by 2020 as the world’s largest consumer of energy starts to move away from coal. The National Energy Administration (NEA) said Thursday that the investment would help create more than 13 million jobs in the industry, Reuters reported. Image and caption courtesy of Newsweek.com

China just announced it will invest massively into its renewable energy sector as the world prepares for a new energy leader. Coal consumption has brought huge environmental problems although the economy has taken huge strides in past decades, growing from a poor, developing country, to the world’s largest economy…

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