HOW and WHY China Dominates the Solar Energy Industry

Ever wondered why China dominates the solar energy industry? Take a journey into the world of renewable power with this mind-blowing exploration. China leads the global solar capacity race, producing more clean energy than any other nation.

In 2023 alone, China installed more solar panels than the entire US has to date. Discover the secrets behind China's solar industry rise, from its humble beginnings in the late 1990s to becoming responsible for over 80% of the world's solar manufacturing capacity.

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Uncover the paradox of China's coal consumption despite its solar dominance and find out why the country bet big on solar energy, aligning with its carbon-neutral goals and driving a massive economic boom. Will China maintain its dominance in the solar industry? Share your thoughts in the comments, and don't forget to subscribe for more intriguing insights into the future of technology and energy!

Chapters:
0:00 Introduction
1:28 How China Dominated the Solar Industry
4:51 What Happened to China's Coal Consumption?
9:13 Why China Bets Big with Solar Energy
11:34 Conclusion

#china #chinaeconomy #solarpower #cleanenergy #solarfarm #solarenergy #chinasolar #chinesesolar #renewableenergy

[DanBurgaud]

China: "Just do it!"
USA: "blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah"

[ZweiZwolf]

China invested in renewables because it is a geostrategic necessity. The USA loves to threaten blockading Chinese oil and gas transiting the Malacca Strait, which would deny China the energy needed to keep her economy running. While blockades are an overt act of war, much of the West seems to think it's acceptable due to the US ability to do so against minor powers without significant repercussions. This threat is said at high levels with sufficient frequency that China must take the threat seriously. Therefore, China looks to import energy via overland pipelines directly from Russia & central Asia; unfortunately, although there is risk of sabotage such as when the NordStream pipes were destroyed up by Unknown State Actors. In comparison, renewable energy is entirely within China's borders and largely impossible to interdict. Thus, Chinese renewable energy is Chinese energy security and Chinese economic security.

This also feeds China's electric transportation boom. Electric vehicles powered by renewable energy are not only clean and efficient, they also ensure China would be able to continue moving goods and people in the event that oil (or gas) supplies are restricted. China is moving to a future where they can effectively generate unlimited energy for lighting, heating, industry, transportation, and other uses, increasing economic resilience in the face of global adversity.

[gunsumwong]

China doesn't differ from any western big economy to be dependent on fossil fuel currently. The US and EU manage to use gas to replace coal and use it to demonize China who doesn't have vast gas reserves like the US. The new coal power plants in China are the latest and cleanest version, with supercritical and fluidized bed boilers, developed by China and unavailable in the west. China's long term is carbon neutral and not completely coal free!

China doesn't just lead the solar but also in wind and hydro too. It charges the lowest electricity tariff among the industrialized nations. While the US and the west are consuming fossil fuel with private transport like no tomorrow China is developing its public transport with everything electrified. In recent year China is moving into EV.

China doesn't want to dominate the solar industry but without access to cheap oil and gas China has no choice but develop its renewable energy and make it affordable for the rest of the world. Chinese solar power is now the cheapest way to generate electricity after reducing the western cost by more than 90%. The world should be grateful to China's contribution to humanity.

[conybrown]

40 years ago, China was decades behind most developed and developing nations, and in 40 years china is leading in many aspects. No doubt it is a miracle.

[中国-ec]

КНР впереди планеты всей 🇨🇳👍🇨🇳👍🇨🇳👍🇨🇳👍🇨🇳👍

[hullopillow]

China: "Just do it!"
USA: "We dont use per capita output".

[gelinrefira]

Concentrating on GDP is a mistake. China is planning for the long haul to reduce its reliance on fossil fuel and increase on renewable and nuclear because that offers far more energy security than fossil fuel since China can make its own solar panel, wind turbines and nuclear reactors while it can source all these raw materials from diverse sources and China itself is a huge rare Earth elements producer.

Second, pollution and environmental issues are real problems and China is not virtue signalling here. The reason why China's life expectancy has soared must have a lot to do with improving its urban air quality. Better health = less demand on healthcare = longer life expectancy = happier, more productive citizens. This is a no brainer.

Third, renewable and nuclear industries are the industries of the future, like semiconductors and EVs, has only room to grow and expand into. China need industries that are sustainable and can make money because it has to create jobs for hundreds of millions of working adults and only long term, high value, high tech, sustainable industries can provide that kind of jobs.

If China truly wants to play the number games like GDP, then all they have to do is attack the financial industries and release capital control and turn its state banks into Goldman Sachs and JP Morgan Chase clones. But that is a short-sighted, ultimately futile and immoral industries that depends on absorbing other countries' surpluses to sustain, which means China will be force to go the imperialism route, just like the US today.

China chose not to go down this neoliberal evil path because they are socialists.

[KevinOge-msby]

It’s part of China’s emphasis on self development and growth at home, rather than militarism and expansionism as the US does. Empires are expensive, as Britain and other European powers discovered and a waste of time, money, people, and resources. China is not interested in global rule as Western nations are.