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Yogthos

Renewable energy is at the heart of China's new economic stimulus.

It's difficult to imagine the US spending a trillion dollars on anything other than the military.

bnnbloomberg.ca/these-are-the-

More Renewables Than Europe Deserts in north China are set to host an unparalleled build-up of renewable energy. In recent months, construction began on wind and solar-power “bases,” which by 2030 will contain about as much renewable capacity as currently in all of Europe. The first phase, with about 100 gigawatts of turbines and solar panels, is due to be completed by next year, with another 450 GW phase started this year. Combining investment in renewable energy and power transmission, China’s total “green investment” could reach 2.6 trillion yuan this year alone, according to Australia & New Zealand Banking Group.
27 Aug 2022 at 15:36 | Open on mas.to
2 comments
Chris

@yogthos IIRC, the Inflation Reduction Act that just passed includes $300 billion USD for clean energy projects, but that's going to companies rather than direct works so it's effectively half that, which makes it an order of magnitude less than China's investment

27 Aug 2022 at 17:19 | Open on cathode.church
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