China is winning the Green Economy race, according to the head of the UN Framework Convention on Climate Change.
“China is going to leave all of us in the dust,” said Christiana Figueres, speaking at the World Economic Forum January 27 in Davos, Switzerland. “They’re committed to winning the green economy race.”
China last year boosted spending on low-carbon energy by 30 percent to $51.1 billion, ‘‘by far the largest figure for any country,’’ Bloomberg New Energy Finance said January 11.
Global accounting firm Ernst & Young said in September that China for the first time overtook the U.S. in its quarterly index of the most attractive countries for renewable energy projects.