Chinese firms have committed some $80 billion in clean technology investments overseas over the past year, reports Reuters. Many countries have also deepened their cleantech cooperation with China in the wake of US tariffs.
They are the findings of a report by Australian research group Climate Energy Finance (CEF), which says that the new figure brings China’s total overseas direct investments in green technology to more than $180 billion since the start of 2023.
Meanwhile, research from the Net Zero Industrial Policy Lab at Johns Hopkins University found that 75% of China’s low-carbon foreign direct investment is in Asia, the Middle East, Africa, and Latin America. Southeast Asia remained the top destination for Chinese cleantech manufacturing investments, the CEF report found. There were fewer new solar manufacturing investments there because of US tariffs, but more Chinese investments materialised in renewable power, EVs and batteries.