China invested billions of dollars in renewable energy in 2 years
BRICs New Development Bank (NDB) 3 in Xiamen and China, Fujian, Hunan, Jiangxi, 3 provinces signed a loan agreement, to support the 3 provinces related to green development projects.
The total size of the signing of the 3 project loans amounted to US $800 million, respectively for Fujian province Putian Bay offshore wind power project, Hunan Xiangtan green core area comprehensive ecological management projects in Jiangxi Province, green low-carbon industrial transformation development demonstration project.
Kamath, President of the New Development Bank of BRICs, said that in 2015 and 2016, China invested about $100 billion in renewable energy, more than the sum of Europe and the United states. With the huge investment continues to fall, China is playing an important leading role in the global green development.