China Surpasses the U.S. in Investment in Renewable Energy Technologies; 40% of Global Carbon Emissions Come From the Two Powers

Written by Fabio Lucas Carvalho

Published on 07/04/2021 at 16:02

Energias renováveis / China / Pixabay

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The USA Invested Less Than China in Renewable Energy Technology Development Focused on the Environment in the Last 10 Years

China has transitioned from a negative example to a global leader in investing in renewable energy with an environmental focus. While the USA previously led the world in investing in research and development of renewable energy, China now holds that role. This information comes from BloombergNEF.

The USA Invested Less Than China

According to data from the site, in the last 10 years, for every 1 Dollar invested by the USA in renewable energy, China invested 2 Dollars. Furthermore, the climate war between the two powers is increasingly escalating. The Asian country aims to become the major leader in supplying materials for renewable energy, as well as carbon tariffs and domestic production.

Meanwhile, the USA is focusing on developing alternative sources of clean energy. The major issue that arises is that China is the primary supplier of raw materials used for developing clean energy. In addition, the Bank of America highlights that the pursuit of renewable energy development is not only focused on reducing the effects of climate change. The main focus of both powers is to become the leading global supplier of technologies in the sector, as well as becoming completely independent from other countries.

ARTICLE CONTINUES BELOW

Climate War Between the Two Powers Could Become an Alliance

The two powers have become the major rivals in the world in this century. They disagree on practically everything. However, one thing they slightly agree upon is climate change. Last month, American and Chinese diplomats met in Alaska to discuss climate change. After the meeting, the Chinese Foreign Minister announced that the powers would create a “climate working group.” Today, 40% of carbon emissions on the planet come from the USA and China.

China Surpasses the U.S. in Investment in Renewable Energy Technologies; 40% of Global Carbon Emissions Come From the Two Powers

The USA Invested Less Than China in Renewable Energy Technology Development Focused on the Environment in the Last 10 Years

The USA Invested Less Than China

Climate War Between the Two Powers Could Become an Alliance

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China Surpasses the U.S. in Investment in Renewable Energy Technologies; 40% of Global Carbon Emissions Come From the Two Powers

The USA Invested Less Than China in Renewable Energy Technology Development Focused on the Environment in the Last 10 Years

The USA Invested Less Than China

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

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