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Historically, the United States has been the nation with the capacity and determination for large-scale investments in promising new technologies–but not this time. Now it’s China’s turn. In the coming weeks, China will unveil an unprecedented multi-billion dollar investment in renewable energy.
The details are sketchy, but China is reportedly developing a massive renewable energy investment plan. While little is known about the precise level of expenditure the Chinese will commit to research, development and deployment (RD&D), if it’s anywhere between the US $440-660 billion over ten years reported by AFP and the Center for American Progress then it’ll be an unprecedented investment in the new energy economy.