There is a lot of #china bashers out there particularly with regards #energy. The bottom line though is that #China is not only the biggest producers of #solarpanels, #inverters #windturbines and #batteries in the world but also the biggest market for all these products.
This year #china will install circa 100GW of #solarpanels. If you add the 50GW from last year the country has installed over the last 18 months more than the total installed base of the #Unitedstates.
#china will install over 50GW of #wind in 2022 which is more than 50% of all global wind turbines installed this year.
If we look at #EVs its the same story. Some 5m new EVs will come onto Chinese roads this year, which is greater than the global market for EVs in 2020!
Bottom line, #China is leading the global #energytransition and unsurprisingly peak #coal is very near! 2025 according to JPMorgan.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.