China Exceeds U.S. on Energy-Efficiency Spending for First Time!

Residential buildings stand in the Fangshan district of Beijing, China. Photo credit:  Tomohiro Ohsumi/Bloomberg

Residential buildings stand in the Fangshan district of Beijing, China. Photo credit: Tomohiro Ohsumi/Bloomberg

It has just been announced that China spent more on energy efficiency than the U.S. for the first time, accounting for almost a third of the world’s total with $4.3 billion invested. According to data released yesterday by Bloomberg New Energy Finance,  global spending on energy efficiency rose almost 5 percent to $14.9 billion while North American investment declined as much as 33 percent to $3.6 billion.

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