In just a few years, the former 'mucky pup' has become a pioneer in the expansion of renewable energies. This year, China will install a new record number of wind and solar farms - and make Europe and the U.S. look small.
Direct state subsidies for the expansion of renewables? Abolished. And yet this year, the expansion of clean energies in China is booming more than ever. While Europe and the U.S. are still arguing over and over again about how much support the renewable energy industry needs, China is already one step ahead.
This is impressively demonstrated by the latest report 'How China became the global renewables leader' by Wood Mackenzie. Investments totalling 140 billion US dollars and a massive expansion of the domestic market are ensuring ...