China's pullback drags global clean energy spending down 17%

Global spending on wind, solar and EVs dropped 17% in the first half of 2026, and China caused almost all of it. Beijing switched from subsidies to market pricing and ended EV tax breaks, so its clean-tech investment nearly halved. Its share of the world total slid from about half to under 40%. Spending in India, the US and Europe rose but couldn't fill the gap.