Skip to content
Subscriber Only

China Is Over Coal, Bored With Oil as It Charts Green Future

  • IEA sees renewables matching coal in power generation by 2040
  • Coal use in the world’s energy biggest consumer peaked in 2013
Video player cover image
Bloomberg New Energy Finance’s Sophie Liu discusses China’s efforts to increase usage of clean energy.(Source: Bloomberg)
Updated on

The world’s worst polluter is leading the clean energy revolution, according to the International Energy Agency.

China will account for a third of new wind and solar power installations and 40 percent of electric vehicle investments through 2040, the Paris-based agency said Tuesday in its World Energy Outlook. Meanwhile, the country’s coal use peaked four years ago and it will cede its role as the driver of global oil demand to India after 2025.