China is adding solar and wind faster than many of us realise: three charts
hannahritchie.substack.com
hannahritchie.substack.com
Economy of scale will give china cheaper and saver energy on a scale and speed which will put them further.
Cheap energy means: Cheaper products, cheaper iron ore, cheaper everything.
It means cheap energy storage, which also implies cheap EVs.
It also will mean (if the coal thing is true) in the longer term cleaner air (when it overtakes coal), higher life expectensy and higher productivty.
While in parallel we in europe have had big issues with russia and energy dependency.
Renewable penetration hasn't made energy cheaper anywhere where it is a significant portion of the supply grid.
Some countries get you to pay for every unit, incentivizing efficiency and other countries just nationalize failing Energy companies and add the cost to the general tax burden.
We in germany suddenly stopped the investments for it and killed it.
But still articles are written on how this energiewende was pushing solar to much cheaper prices globally.