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A 40% decline in licenses is not "very small". It's enormous. Likewise China realized it couldn't double down on coal indefinitely, they had to back off. When
by astrodust 10y ago
A 40% decline in licenses is not "very small". It's enormous.
Likewise China realized it couldn't double down on coal indefinitely, they had to back off. When your pollution becomes so bad planes can't take off you have to re-think your strategy.
China used coal because it was cost-effective, but now the costs of coal are too high to sustain its use. They're just going where the money is, and right now that's solar.
China itself doesn't have a lot of fossil fuels other than oil so naturally they're interested in something that makes them energy independent. Energy is, after all, power.