Global investment in renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements, and heat pumps is projected to reach $2 trillion this year, with China leading in clean energy spending and surpassing its 2030 wind and solar target, putting pressure on its power grid.
China Set to Massively Surpass Its 2030 Wind and Solar Goal https://t.co/UkRerbgcIl
China is on track to far exceed its 2030 wind and solar target, according to experts — positive news for global efforts to tackle climate change but a source of growing pressure on the country’s power grid. https://t.co/TOoAmyIYgL
“In our view, China should peak its emissions imminently and start reducing them persistently but at least 30% by 2035,” write @laurimyllvirta & @taylahbland in “Charting China’s Path to its 2035 Nationally Determined Contribution.” Read for takeaways⬇️🧵https://t.co/q6hJMl9MUt
“China [accounts] for about one-third of total global clean energy spending, adding as much solar photovoltaic capacity in 2023 as the rest of the world in 2022 combined.” @FT @IEA https://t.co/SJLcxr94Qo
IEA: Global investment in renewables including electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps will clock in at $2 trillion in the current year. https://t.co/P3tTD8tOio