The National Development and Reform Commission outlines plans to suspend construction of an additional 85 coal power plants as well as plans to invest 2.5 trillion yuan (around £300 billion) in renewable energy. This marks a 39% increase in investment on the previous 5 year plan, creating millions of new jobs and boosting the global market for renewable energy. The report also outlined that, by 2020, China aims to produce half of new electricity from renewable sources: wind, hydro and solar.
Both America and China ratified the Paris agreement in 2016, but as America's climate leadership faces uncertainty, this is another sign that China are taking wheel on renewable energy. As a major producer of components for solar and wind, this scale of investment will make renewable energy cheaper globally, as well as accelerating research and development.