China’s electricity sector, which generates 60 per cent of its power from coal, was the largest carbon-emitting industry in 2021. Photo: Reuters
China’s electricity sector, which generates 60 per cent of its power from coal, was the largest carbon-emitting industry in 2021. Photo: Reuters

China needs a quarter of world’s US$100 trillion investments by 2050 to reach net zero goal: BNY Mellon

  • China will need some US$25 trillion of green investments, more than any other country, due to the size of its economy and its fast pace of growth, report says
  • The energy and utilities sectors face the largest climate transition challenges and therefore need most of the green investments to decarbonise

China’s electricity sector, which generates 60 per cent of its power from coal, was the largest carbon-emitting industry in 2021. Photo: Reuters
China’s electricity sector, which generates 60 per cent of its power from coal, was the largest carbon-emitting industry in 2021. Photo: Reuters
READ FULL ARTICLE