China Spending $12 Million Per Hour on Clean Energy

Whether it is spending on wind turbines, high-speed rail, or solar panels it is estimated that China is investing roughly US$12 million every hour in clean energy.

Home to the world's largest population and an energy demand that has doubled in the past decade, China's financing is motivated out of immediate necessity rather than a response to climate change.  

Cheng Li, director fo the National Committee on U.S.-China Relations at the Brookings Institution, says the country is dealing with scarcity of resources and trying to find a better way to survive.