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Could Renewables Overtake Coal in China?
19 Jan, 2020

In September of last year Oilprice reported an incredible milestone for renewable energy when solar and wind power became cheaper than coal in most of the world. Now, a new report released this week by Wood Mackenzie Power and Renewables has heralded another milestone: China will soon be added to that list of countries in which coal is no longer more economical than renewable energy. This is a massive and massively important development because of the jaw-dropping scale at which China produces and burns coal. Alone, they consume as much coal as the rest of the world combined, and any claims that China has transitioned to “clean coal” should be taken with a hefty grain of salt. While the fact that coal is being priced out in much of the world marks great progress for the fight against climate change, especially at a moment that the UN is reminding the world with urgency that renewables are the path forward, true progress simply isn’t possible without China on board. And now it seems the winds of change have reached Beijing.

Source: https://oilprice.com/Alternative-Energy/Renewable-Energy/Could-Renewables-Overtake-Coal-In-China.html#