China Is Pumping Hundreds of Billions of Dollars Into New Renewable Energy Projects by 2020
China has been pulling out all stops to create a clean-tech revolution. Last year, a Chinese firm topped a reputable global ranking for wind energy production for the first time, beating America’s General Electric. China already leads the world in solar. (Go inside a massive Chinese solar factory with me, here.) China is also on track to peak and then begin to taper its greenhouse gas emissions around 2025—five years ahead of a promise made by its leader, Xi Jinping, in November 2014, as part of China’s historic deal with the United States. This year, China will launch the world’s biggest national carbon trading market.