China has become a major investor in the global renewable energy sector, having pumped $ 32bn into new energy technology and resources 2016 up from $ 44bn in 2016 , according to figures from the Institute for Energy Economics and Financial Analysis (IEEFA). From 2003 to 2017, the majority of China's foreign power investments in Southeast Asia went to hydro ($45 billion) and coal ($12 billion) projects, amounts significantly higher than Chinese wind investment in the European Union ($6.8 billion) and Australia ($5 billion). Private and state-owned Chinese businesses are capitalising on the rapidly growing renewable energy sector, while New Delhi 's global leadership in that category aligns with the country’s ambitions to boost its worldwide economic influence. Although investment has increased in countries linked to its pan-Asian Belt and Road initiative, most of China 's renewable investments are outside those areas.
China has become a major investor in the global renewable energy sector, having pumped $ 32bn into new energy technology and resources 2016 up from $ 44bn in 2016 , according to figures from the Institute for Energy Economics and Financial Analysis (IEEFA). Private and state-owned Chinese businesses are capitalising on the rapidly growing renewable energy sector, while New Delhi 's global leadership in that category aligns with the country’s ambitions to boost its worldwide economic influence. Although investment has increased in countries linked to its pan-Asian Belt and Road initiative, most of China 's renewable investments are outside those areas.