General overview
China is both the world’s biggest clean energy investor and the world’s largest CO2 emitter. It is on track to becoming the world’s renewable energy superpower: China is the world’s largest producer, exporter and installer of solar panels, wind turbines, batteries and electric vehicles.

Even though renewable energy investments declined from $122 billion in 2017 to $86 billion in 2018, China still has by far the largest capacity. It also has a clear lead in terms of the underlying technology, with well over 150,000 renewable energy patents as of 2016, 29% of the global total. The next closest country is the U.S., which had a little over 100,000 patents, with Japan and the E.U. having close to 75,000 patents each.

The share of non-fossil fuels in China’s total electricity mix is on course to hit 32-34% in 2020. With increasing demand, China added about 40 GW of solar and 40 GW of coal in 2019. There is a lot of room for renewable energy, since coal’s share in China’s primary energy mix was still 58% in 2018 and electricity demand keeps growing. Weiterlesen