Clean energy was top driver of China’s economic growth in 2023
Clean energy was top driver of China’s economic growth in 2023
Solar power, along with manufacturing capacity for solar panels, EVs and batteries, were the main focus of China’s clean-energy investments in 2023
China experienced a significant increase in solar product exports in 2023. It exported 56GW of solar wafers, 32GW of cells and 178GW of modules in the first 10 months of the year, up 90%, 72% and 34% year-on-year respectively, according to the China Photovoltaic Industry Association. However, due to falling costs, the export value of these solar products only increased by 3%.
The funniest quote in the article. China is outcompeting themselves so hard on price that they can almost double export products without affecting export value. That's absurd.
Western institutions fundamentally misunderstand the clean energy revolution. It's actually rather worrying, because it's a large part of why Western estimates of China's economic growth have been so far off.
Are you sure it’s the western estimates that were off? I suspect the CCP has politicized their economic metrics publications. Their recent changes to the youth unemployment numbers being the most recent indicator of this.
You mean like how the USA include thousands of dollars of fake rent in GDP numbers for every single homeowner in America under the justification that if they didn't own their homes they'd be paying rent? Like that kind of politicization of economic metrics publications? Or maybe you mean how the USA only counts someone as unemployed if they are pursuing their unemployment insurance but also every state has a financial incentive to deny as many unemployment claims as possible? Or maybe it's the constant debate around whether to use a consume price index that excludes things food and rent?
The new youth unemployment numbers now exclude students. In school. In China's notoriously challenging education system. Shocking. Massively corrupt. Politicized. Terrible. Basically communism.
Get a grip. Turns out, as your population increasingly pursues higher education, fewer youth are looking for jobs.
What do you believe is so unique about China's PV production that couldn't/haven't been reproduced by the rest of the world? I mean, other than the ability to undercut developed countries by ignoring externalities and the damage caused to the environment by the extremely polluting extraction and refining process...
Don't get me wrong, I'm as happy as the next guy for more renewable, but here we are cheering for the kleptocrats.
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It's been entirely innovation-based cost reduction. This comment shows a lack of understanding of the Chinese PV industry and how it outcompeted everyone else.
In a year, it's essentially dropped prices across the board by almost half.