China leads the net zero transition – here’s what we can learn from its progress in Beijing and Hong Kong

Abstract:

China is winning the clean energy race. It has spent ten times more on clean energy than either the US or Europe over the past five years. It dominates the rapidly growing renewables manufacturing market, producing 90% of all solar panels, over 70% of all lithium batteries, and 65% of all wind turbines. That’s a very smart move. Our recent research shows there’s no evidence that solar and wind cannot continue their recent spectacular growth rates. Renewables could become a multi-trillion-dollar global industry in the near future.