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Wednesday, August 2, 2017

The sustainable superpower? 5 reasons for China's clean tech boom

The sustainable superpower? 5 reasons for China

Rapid urbanization, a growing appetite for middle-class consumer goods and the not-so-enviable distinction of being the world's biggest carbon polluter.

These are a few of the traits often ascribed to China in the debate about which country will pick up the mantle of climate action in a post-Paris agreement world sans U.S. leadership.

One perk of the shifting global policy landscape, according to Qi Lu, who heads research at Beijing-based clean tech investment firm Tsing Capital: a spike in international interest in China's emerging sustainable technology sector.

"We have seen more and more clean tech companies from the U.S. turning to China for its vast market," Lu said in an interview, especially after U.S. President Donald Trump signaled his intention this spring to withdraw from the Paris deal. "In this sense, we have actually seen some positive signs."

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