And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck.
China has another advantage. They don’t ask the market or the people of they are fine with the idea.
In the meantime, US and Europe don’t do anything is because of the neoliberal idea that the market will solve all problems through the magic of capitalism. This has been true for the past 3 decennia now. And, we knew renewable must be a thing.