China Sends 132B in Clean Tech to Developing World

China provided 132 billion dollars in clean technology and investment to developing nations last year. This export surge nearly matches total climate finance from wealthy countries.

FILE PHOTO: An employee checks newly-assembled electric cars to be exported to South America at an electric vehicle factory in Zouping county, Shandong province September 24, 2013.REUTERS/China Daily/File Photo

China sent $132 billion in clean technology and investment to the developing world last year, matching the $137 billion total provided by wealthy nations. That industrial push rivals traditional Western climate finance programs established under UN frameworks. Beijing's export boom is reshaping global decarbonization by making green technology cheaper for developing economies.