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Apparently China has now reached a level of renewables buildout where they are deploying new power generation faster than industry can consume it. Estimates ind
by matthewdgreen 3y ago
Apparently China has now reached a level of renewables buildout where they are deploying new power generation faster than industry can consume it. Estimates indicate they will enter a structural emissions decline as soon as next year [1]. And their rate of construction is accelerating. I'd add that the rest of the world will probably catch up, but honestly China is most of the ballgame.
[1] https://www.theguardian.com/business/2023/nov/13/chinas-carbon-emissions-set-for-structural-decline-from-next-year https://www.theguardian.com/business/2023/nov/13/chinas-carb...
- Jeff_Brown 3y agoAlso, a third of all new cars in China are electric, as are half of all new motorcycles. [According to The Economist earlier this year.]