Latest research has shown that new investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China.
The world’s largest greenhouse gas emitter could reach net-zero status by 2050 and deploy a terawatt-scale solar fleet without damaging economic growth in the process, a study has said.
Joint projects worth $27.6 billion are heavily skewed toward fossil fuels and extractives.
As China looks to develop its 14th Five-Year Development Plan, the country has a great opportunity to shift toward a higher-quality and lower-carbon economic development strategy. While China has a relatively high annual GDP growth rate compared with the rest of the world, that growth has been slowing.
According to new research solar power is now cheaper than grid electricity in cities across China, which could drive a surge in uptake.
Read more: https://www.carbonbrief.org/solar-now-cheaper-than-grid-electricity-in-every-chinese-city-study-finds
Read more: http://www.irena.org/DocumentDownloads/Publications/IRENA_REmap_Synergies_REEE_2017.pdf