According to an analysis by Bloomberg New Energy Finance (BNEF) China has been installing more renewable-power capacity than fossil fuels for several years, a gap that’s growing.
In 2015, China will install 15 gigawatts to 18 gw of solar power alone, double the solar deployment in the U.S.,
The chart below shows how, in the next 15 years, China is on track to have more low-carbon electricity than the entire capacity of the U.S. power grid. “Think of what their grid will look like in 2030,” Michael Liebreich, founder of BNEF, said at the organization’s annual summit last week in New York. “A very competitive advantage.”
Categories: Economic Indicators