The West has been quick to criticize China for its perceived lackluster carbon emissions targets. While China remains one of the world’s most polluting countries, it is ramping up renewable energy capacity in a big way. China now accounts for nearly half of global renewable capacity and has even bigger clean energy targets in its sights. Despite big talk from the West, China is pumping huge amounts of funding into its renewable energy sector as it seeks to become competitive in its green energy operations. Heavy investment in research and development has helped China develop several innovative technologies to support its renewable energy rollout. In addition, government subsidies on electric vehicles (EVs) have helped to increase uptake and build a strong consumer market. The U.S. has just passed its biggest climate change bill, with $370 billion in subsidies going toward solar and wind energy development, electric vehicles, and other […]