China and other energy importers lead shift from oil to clean energy, report says

China and other energy-importing countries are rapidly shifting their focus from oil to clean energy, according to a recent report. This shift is driven by a growing desire to reduce reliance on imported oil and gas, which can be disrupted by global events such as the closure of the Strait of Hormuz. The expansion of clean energy capacity is happening three times faster in energy-importing countries than in energy-exporting nations, which could have significant implications for global energy markets.

Why it matters

China and other energy-importing countries are expanding clean energy capacity. This shift could lead to increased investment in the sector.

Market impact

Markets & countries in focus

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