China’s top-down, engineering-driven approach may clean-up its environmental crisis, just don’t expect transparency and accountability.
China has the largest and one of the most dynamic clean tech sectors in the world. The close to $90bn invested in clean tech last year puts it well ahead of both the EU and the US. For all the recent troubles of companies such as Hanergy, China has some of the world’s largest solar, wind and other green tech companies. As growth slows in western markets, they are increasingly looking for business at home.