China to remain renewable energy leader with strong capacity growth in 2022, despite subsidies phase-out

//China to remain renewable energy leader with strong capacity growth in 2022, despite subsidies phase-out

China to remain renewable energy leader with strong capacity growth in 2022, despite subsidies phase-out

China will continue to be the global leader in renewable energy capacity growth over the next five years, despite phasing out renewable subsidies and the country’s heavy reliance on coal, which will remain unchanged in 2022, according to analysts.The global renewable energy sector saw strong growth in the past two years, with new generation capacity reaching nearly 280 gigawatts (GW) in 2020, about 45 per cent more than in 2019, marking the highest year-on-year increase since 1999, according to…

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By | 2022-01-02T04:00:17+00:00 January 2nd, 2022|Business|Comments Off on China to remain renewable energy leader with strong capacity growth in 2022, despite subsidies phase-out