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China should invest in energy 5,7 trillion dollars before 2035 year - IEA
International Energy Agency published 3 June forecast on investments in world energy World Energy Investment Outlook 2014. According to experts, to meet the demand, China needs to invest in energy up to 5,7 trillion US dollars up to 2035 year.
In addition, China, together with North America and the European Union, will become the center of concentration of the main share of energy efficiency investments totaling up to 8 trillion dollars (China’s share is approximately 1,6 trillion).
The report also states that China will become the leader in the field of renewable energy, because by 2035, the volume of Chinese investment in the industry will exceed the total investment of the United States, Japan and the EU.