cross-posted from: https://hexbear.net/post/7130016

This year, 12 of the 19 global clean industrial projects that have reached final investment decisions, the last stage to determine whether or not the project will go ahead, are in China.

Faustine Delasalle, executive director of Industrial Transition Accelerator, a non-profit co-funded by the United Arab Emirates government and Bloomberg Philanthropies, said that Chinese developers had a bold vision for the future based on the conviction that green molecules and fuels are the “new oil”.

Delasalle said: “China is definitely leading on the commercialisation, at scale, of the next wave of clean technologies with a big share of the pipeline of projects but most importantly a growing share of a number of projects that have reached final investment decisions.