China funnelled $80 billion into overseas cleantech in past year, report says

cross-posted from: lemmy.zip/post/54571557

Research from the Net Zero Industrial Policy Lab at Johns Hopkins University found that 75% of China’s low-carbon foreign direct investment is in Asia, the Middle East, Africa, and Latin America.

Southeast Asia remained the top destination for Chinese cleantech manufacturing investments, the CEF report found

The Middle East and North Africa were the fastest-growing investment destinations, driven by national strategies for diversifying away from oil.