"I mean, its not as if China is weaning itself off fossil fuels in the process. In 2024 China rolled out almost 100 GW of coal fired power plants, which was a 10-year high"
It could have been a lot worse. ............
China raced ahead building renewable energy last year, installing more wind and solar power than ever before and continuing to leave all other countries in the dust. The nation put up 357 gigawatts of solar and wind, a 45% and 18% increase, respectively, over what was operating at the end of 2023, according to China’s National Energy Administration. That’s akin to building 357 full-size nuclear plants in one year. The installations meant China surpassed a goal, six years early, of having 1,200 gigawatts from renewables by 2030, a benchmark Chinese President Xi Jinping set five years ago.
link https://apnews.com/article/wind-solar-energy-china-climate-carbon-emissions-b337503abfacfd9b7829fd7bbcd507e9
This is a good example of transition...... When they started building motorcars they didnt stop building carts for horses, because not enough motorcars could be built to satisfy the worlds need for transportation, albeit simple needs in the day.
The real issue is that increasing consumption of energy is outpacing the global ability to build renewable capacity, as wth motor vehicles in 1910. This will be largely due to the evolving desire to live, work, and play (mostly electronically) in a climate controlled environment................. and now everyone wants AI data centres so they can go even further down this destructive path. But nup, blame the boomers for driving gas guzzling cars when they were teenagers.
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"I mean, its not as if China is weaning itself off fossil fuels...
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$15.73 |
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Mkt cap ! $48.43B |
Open | High | Low | Value | Volume |
$15.65 | $15.77 | $15.36 | $101.0M | 6.426M |
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No. | Vol. | Price($) |
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1 | 5 | $15.71 |
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Price($) | Vol. | No. |
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$15.74 | 15541 | 5 |
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No. | Vol. | Price($) |
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1 | 5 | 15.710 |
1 | 63 | 15.700 |
1 | 1250 | 15.670 |
2 | 1076 | 15.660 |
4 | 1280 | 15.650 |
Price($) | Vol. | No. |
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15.750 | 8808 | 3 |
15.760 | 1002 | 1 |
15.770 | 14458 | 4 |
15.780 | 3000 | 2 |
15.790 | 2200 | 1 |
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