China Has the World's Largest Investment in Energy Transition

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Vika Azkiya Dihni 29/03/2022 15:20 WIB

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According to BloombergNEF, China had the world's largest investment in energy transition in 2021, with commitments totaling US$266 billion.

Top 10 Countries with the Largest Energy Transition Investments Globally (2021)

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Top 10 Countries with the Largest Energy Transition Investments Globally (2021)

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According to a Bloomberg NEF report, China has the largest global investment in energy transition.

China's energy transition investment reached US$266 billion in 2021, a 60% increase compared to 2020.

The United States followed with a commitment of US$114 billion in 2021, a 17% increase from the previous year.

Germany invested US$47 billion in energy transition, followed by the United Kingdom with US$31 billion, and France with US$27 billion.

Japan invested US$26 billion, followed by India with US$14 billion, South Korea with US$13 billion, Brazil with US$12 billion, and Spain with US$11 billion.

In total, global investment in energy transition reached US$755 billion in 2021, a 27% increase from US$595 billion the previous year.

Energy transition is an effort to mitigate the risks of global warming by reducing the use of fossil fuels and increasing the use of new and renewable energy (NRE).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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China Has the World's Largest Investment in Energy Transition

China Has the World's Largest Investment in Energy Transition

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