- July 11, 2019
- 217 views
Most interesting part of this Bloomberg report in my opinion was this:
The slide in spending underscores how much sway China holds in the global market for renewable energy. Despite a 39% plunge in investments, the country remains by far the world’s biggest clean-energy spender with deals totaling $28.8 billion in the first half. Its decision to pull back subsidies was also the chief reason for a drop in global spending last year.
What do you think this immense influence China singlehandedly has on the market means for the future of clean energy? Is this plunge the start of a trend or a blip in the radar?