China Is Absolutely Destroying the US on Clean Energy

A worker installs solar panels on November 17 in Yantai, Shandong Province, in China.Exclusivepix Media/Whitehotpix/ZUMA


When world leaders convene on Monday in Paris for two weeks of high-stakes climate negotiations, one of the top items on the agenda will be how developing nations should prepare for and help to slow global warming. Opponents to President Barack Obama’s climate agenda, such as GOP presidential contender Marco Rubio, like to argue that anything the United States does to curb greenhouse gas emissions will be pointless because countries like India and China aren’t doing the same.

But new data from Bloomberg New Energy Finance shows that this argument is just hot air: For the first time ever, over the last year the majority of global investment in clean energy projects was spent in developing countries. In fact, clean energy investment in China alone outpaced that in the United States, the United Kingdom, and France combined, BNEF found. Across 55 major non-OECD countries, including India, Brazil, China, and Kenya, clean energy investment reached $126 billion in 2014, a record high and 39 percent higher than 2013 levels. 

The chart below shows how that level of investment is opening up a market for wind, solar, and other clean energy projects in non-OECD countries that is now larger than the market in the traditional strongholds of the United States and Europe. In other words, the very countries Rubio likes to malign as laggards are actually leading the charge.

BNEF

That trend is likely to continue for decades to come, BNEF found. Check out their projection for growth through 2040:

BNEF

These numbers add up to a big deal for the climate, because they show that countries in Africa and Southeast Asia that still lack reliable electricity for millions of people are solving that problem, and growing their economies, without relying on dirty fossil fuels. China, to be clear, is still the world’s largest emitter of greenhouse gases, and it doesn’t plan to peak its emissions until 2030. But its early commitment to clean energy means it can continue its rapid rate of growth with far less pollution than it would produce otherwise.

The BNEF report is just the most recent good sign for the clean energy business. Big corporations in the United States are signing contracts for a record amount of clean energy for their data centers, warehouses, and other facilities. And the Paris talks are likely to send a jolt through the industry, as countries around the world redouble their commitments to get more of their power from renewable sources.

Stay tuned for more news on this front as the talks unfold over the coming weeks.

More MotherJones reporting on Climate Desk

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.