While the US is preparing to put on the brakes when it comes to sustainable investments – at least at the federal level – China on the other hand is poised to power on at full green speed.
Over the next three years, China intends to spend USD 360 billion on investments in renewable energy such as solar and wind power. As such, China flies in the face of statements made by US President-elect Donald Trump, who plans to bet more on coal, oil, and natural gas.
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Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.