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Trump has cut global climate finance. China is more than happy to step in.

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By illuminem briefings

· 2 min read


illuminem summarises for you the essential news of the day. Read the full piece on The Washington Post or enjoy below:

🗞️ Driving the news: Amid U.S. cuts to international climate financing under Donald Trump’s administration, China has expanded its influence in Southeast Asia’s green energy sector, notably in the Philippines
• Despite territorial tensions with Beijing, the Philippines is increasingly reliant on Chinese-made solar panels, wind turbines, and infrastructure, driven by lower costs compared to American and European alternatives

🔭 The context: China’s dominance in green tech manufacturing — producing the majority of the world’s solar panels, wind turbines, and EVs — has been strategically leveraged through initiatives like the Belt and Road Initiative (BRI)
• In contrast, the U.S. has scaled back renewable energy support in developing countries, eroding its diplomatic and commercial presence just as China aggressively promotes its green technology to fill the gap

🌍 Why it matters for the planet: The Philippines and other developing nations urgently require affordable renewable infrastructure to mitigate climate risks without hindering economic growth
• However, growing dependence on Chinese technology raises questions about energy security, transparency, and geopolitical influence, complicating efforts for a balanced and resilient global clean energy transition.

⏭️ What's next: Countries like the Philippines must navigate the delicate balance between meeting climate goals and managing national security risks associated with Chinese involvement
• China is likely to consolidate its leadership in emerging markets, unless the U.S. and allies present competitive green energy alternatives
• The trajectory of renewable energy partnerships in Southeast Asia could significantly influence regional power dynamics over the next decade

💬 One quote: “We have no choice but to buy our solar panels from China. They’re the cheapest in the world,” — Filipino Senator Win Gatchalian

📈 One stat: In 2024, China’s energy investments under the Belt and Road Initiative reached nearly $40 billion, with a record $11.8 billion directed toward green energy projects

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illuminem's editorial team, providing you with concise summaries of the most important sustainability news of the day. Follow us on Linkedin, Twitter​ & Instagram

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