It's economics, stupid!

... margin of capacity across the country (whereas in the US, for instance, it’s below 15%). On the one hand, such a mismatch (when coal use occupies 2/3 of the energy mix and only keeps growing ) makes experts doubt the possibility of the transition to renewables. However, on the other hand, the fact that there is a new power plant popping up each week does not necessarily contradict the Chinese pivot to RES. Unlike solar farms, which can be constructed in a friction of the year, it takes at least a few years to build a coal plant. So what we are witnessing right now is likely to be the result of the previous policies and former consensus that was based on the 2014’s ...