China's energy policy shift: Renewables over nuclear
China originally planned nuclear power as the base of its low emission energy system.
This plan was revised due to:
Slower than expected nuclear development.
Dramatic cost reduction of renewable energy (solar and wind).
China is now rapidly deploying renewables and expects to:
Achieve or exceed its 2030 solar and wind target by 2025.
Triple its 2030 solar and wind target by 2060.
Potentially reach peak emissions as early as 2024 (5-6 years ahead of schedule).
Key takeaways:
Renewable energy is cheaper and faster to deploy than nuclear.
China's experience suggests renewables are the better option for low emission electricity.
Read more:
https://reneweconomy.com.au/chinas-q...ewable-energy/
More at:
https://www.iea.org/countries/china
In 2022, China installed roughly as much solar capacity as the rest of the world combined, then doubled additional solar in 2023.
https://e360.yale.edu/features/china-renewable-energy
