China has invested over $100bn in outbound cleantech since 2023 spanning Europe, Asia, Africa and the Americas.

Climate Energy Finance (CEF), an Australian based think tank, sees China’s pivoting from domestically focussed investment and deployment of energy transition technologies to a new programme of unprecedented outbound capital flows encompassing the globe.

CEF estimates that Chinese firms have committed more than US$100bn in outbound foreign direct investment (OFDI) across at least 130 major cleantech transactions since 2023.

Whilst being somewhat overly effusive the opportunities for trade (given the Australian stance this would be raw materials in exchange for cleantech) the report is not wholly dismissive of the security and economic debates, citing Chinese cleantech investment initiatives into North America are being stalled by increasingly adverse China-specific rules and growing EU caution of reliance on Chinese knowhow.

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