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illuminem summarizes for you the essential news of the day. Read the full piece on The Conversation or enjoy below:
🗞️ Driving the news: China, while being the world's largest emitter of greenhouse gases, is also leading in renewable energy development
• In 2023, China added enough solar, wind, hydro, and nuclear capacity to meet France's entire electricity consumption
• The COP28 climate talks have been energized by a cooperative stance between China and the U.S., focusing on a significant expansion of renewable energy.
🔭 The context: China's rapid industrial growth has historically been fueled by coal, making it the largest coal power fleet globally
• However, China is shifting its focus to renewable energy, demonstrated by its significant investments in solar and wind technologies
• This shift is seen as a technical challenge by China, a country known for its engineering approach to problems
🌍 Why it matters for the planet: China's renewable energy expansion is crucial for global climate goals. Its large-scale renewable projects, like the 15.7 GW solar installation in Qinghai province, have contributed to the reduction in renewable energy costs worldwide
• China's focus on renewable energy is expected to play a significant role in achieving net-zero emissions by 2050
⏭️ What's next: The ongoing COP28 discussions may lead to further global initiatives in renewable energy and energy efficiency
• The US and China's cooperation is key, especially in the context of the US trying to match China's advancements in clean energy technologies through recent legislative actions like the Inflation Reduction Act
💬 One quote: "[China will] strive to replace fossil fuels with renewable energy in a gradual manner."
📈 One stat: In the first three quarters of 2023, over 53% of China's electricity came from low-carbon sources, including hydro, wind, solar, bioenergy, and nuclear.
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