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China poised to spend 940 billion dollars on energy in 2026, per new report

Nate Gregory
Published Nov 8, 2026
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Summary:
  • A new Global Energy Transition Report 2026 projects China will channel 940 billion dollars into energy next year, the highest of any country.
  • By end 2025, renewable capacity in China reached 2.337 billion kilowatts, equal to 60.1% of total power capacity.
  • In H1 2026, coal's share of generation was 49.7%, marking the first time it slipped below half.

Report findings

China Central Television said Sunday that the Global Energy Transition Report 2026 from the China Enterprise Reform and Development Society expects China to direct 940 billion dollars into energy in 2026, more than any other nation. The report also notes renewable output hit 3.99 trillion kilowatt hours in 2025, accounting for 38.3% of electricity generation, and that the additional renewable output entirely met the growth in power use. China's energy related carbon dioxide emissions decreased 0.5% in 2025.

Capacity and equipment snapshot

By the close of 2025, installed renewables in China totaled 2.337 billion kilowatts, representing 60.1% of national power capacity. The country made up 63.6% of newly added renewable installations worldwide. According to CCTV, China supplied 70% of global wind power equipment and 80% of photovoltaic equipment.

Long term investors benefit from learning new tools that sharpen decision making. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.

Where spending is shifting and why that matters

The report says China's emphasis is moving away from simply adding capacity and toward building grids and related infrastructure to absorb renewable power. The International Energy Agency estimates grid spending in China will reach about 140 billion dollars in 2026. Coal fired generation's portion of output fell to 49.7% in the first six months of 2026, the first time it has dipped below half. In plain English: capital is flowing from building new renewable plants to connecting and balancing them, which points investors toward grid hardware, transmission, and integration plays rather than just generation buildouts.

A thoughtful approach to emerging technologies can quietly improve portfolio outcomes. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.

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