ESG & Investing
China Leaves Everyone Behind in Race for Renewables Income
The biggest American companies are losing out to their Chinese counterparts when it comes to generating cash from solar, wind and nuclear power.
A solar thermal power station in Jiuquan, China
Photographer: Hu Chengwei/Getty Images AsiaPacThis article is for subscribers only.
The biggest US companies are badly trailing their Chinese counterparts when it comes to generating income from solar, wind, nuclear and other types of renewable energy.
Companies that make up the S&P 500 produce just 3.4% of their revenue from clean-energy sources, which is roughly half what companies on the Shanghai Composite Index earn, according to BloombergNEF.