China Invested $676 Billion in Its Energy Transition Last Year

China invested a total of $676 billion in its energy transition last year, the Chinese authorities said on Thursday in a white paper on the country’s renewable energy market and energy pathways forward. China led global investments in low-carbon energy in 2023, China’s State Council Information Office said in the white paper “China's Energy Transition”. Since 2013, China has been responsible for over 40% of the annual additions to global renewable energy capacity. Last year, China’s newly installed renewables capacity…