WEF Director: China's Energy Transition Offering Hope, Possibilities for the Future

WEF director: China's energy transition offering hope, possibilities for the future

China is a global leader in renewable energy and battery storage technologies, offering possibilities and hope for other economies, Neo Gim Huay, managing board member at the World Economic Forum, said in an interview with CGTN.

Powering The Global Energy Transition

As countries race to build out cleaner, more resilient power systems, investment is surging—and with it, a shift in how projects are funded. According to the International Energy Agency’s (IEA) latest World Energy Investment report, energy investment exceeded $3 trillion for the first time last year, with project finance emerging as a significant funding model. At a global level, project finance plays a pivotal role in enabling the development …