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Energy

China drives global renewables spending to record 1st half

Sector unhindered by rising costs, but Beijing's lead in wind, solar grows

A wind turbine is erected in China's Jiangxi Province in July 2020: The country is home to six of the world's top 10 wind turbine makers.   © Getty Images

TOKYO -- Global investment in renewable energy hit a record $226 billion in the first half of the year, with China accounting for over 40% of the total, with experts warning the country's dominance in key parts of the supply chain could pose security risks.

Investment for the six months was up 11% on the year, hitting a first-half record, according to a recent report by Bloomberg NEF. China alone accounted for 43% total spending worldwide.

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