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Friday, 6 January 2017

Worried about China taking all the big coal and oil? Not!

China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday [Jan 2017], as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.

Some 700 billion yuan will go towards wind farms, 500 billion to hydro power with tidal and geothermal getting the rest, the NDRC said.