Is America’s fossil fuel empire collapsing? - cleantech perspectives @ Clixoo
Is America’s fossil fuel empire collapsing?
Together, a Green BRI (Belt & Road Initiative) and Europe’s Green Deal could provide a definitive energy transformation. Together China and Europe hold the key for the future of energy.
- China remains the largest producer of solar panels, wind turbines, batteries and electric vehicles, and also the top investor in clean energy. In addition to this, China is the world’s leader in renewable energy patents.
- The significance of a green EU-China partnership is that it would provide \economies of both scale and scope.
- The Belt & Road Initiative (BRI) proposed by China to improve connectivity between many countries is perhaps the largest infrastructure project in history. BRI investments include 131 countries supporting two-thirds of the world’s population.
- Investments in new power generation capacity will be over $10 trillion over the next two decades. The bulk of that investment— nearly $7.4 trillion—will be in renewable energy generating capacity.