China Clean Tech Exports Redraw the Climate Fight for Developing Nations

China has become a central force in the global clean-energy transition, sending $132 billion in clean technology and investment to developing countries in 2024, according to a Reuters analysis. That total was by far the largest contribution by any country to reducing carbon dioxide emissions in the developing world. The scale is striking because it nearly equals the total grants, loans and private finance that wealthy nations provided to poorer countries in 2024 under United Nations climate pledges. The Organisation for Economic Cooperation and Development put that rich-world climate finance at $137 billion. The two totals measure different things. China’s…