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.
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I am firmly convinced that we are in the middle of a revolution in the #energy world. One of the crucial points is around #digitalisation which enables #energyefficiency but at that same time depends on #electricity.
This spiral of digitalisation leading to electrification is one of the primary reasons why we are electrifying our energy systems. I can do without coal but I cannot do anything in this modern #digital world without electricity.
I have never been as positive about our #energy#future as I am these days. Not alone do we have the #technologies and the knowhow to #decarbonise but we have massive retooling taking place in #China and the #US around key future energy technologies
What we do need to change is the negativity around #climatechange. It was thus great to read this article from @greendig criticising the god father of #energyhistory Vaclav Smil
With #European energy prices at extreme levels, there are huge risks that could destabilise the whole social, economic, and political fabric of #Europe. 6 Things we need do:
1. Help Customers Save Energy
We need to help change customer behaviour and run pan #European marketing campaigns to explain the #energy challenge. I call this a “Save Energy to Save Europe,” campaign.
#Financial incentives should be introduced to encourage energy efficiency noting that small incremental changes in demand could quickly bring prices down for everyone.