No industrial economy has ever powered itself on sunshine and breezes; no country ever will.
Wherever in the world the subsidies begin to dry up, so too has investment in new wind and solar capacity. Nowhere has that collapse been more prominent than in China. Which doesn’t quite fit with the meme that’s been run by renewable energy zealots for years now, that China is hell-bent on a renewable energy future.
Instead, China is building coal-fired power plants, hand over fist.
At the official level the Chinese give a nod and a bow to meeting their purported “climate obligations” – which is simply code for preventing them from enjoying the same industrial and economic success as Europeans have done for the last two centuries – by promising (sometime between now and never) to slash their emissions of carbon dioxide gas.
Always inscrutable, the Chinese have incensed renewable energy rent seekers…
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