China Leads in Renewables China has emerged as the leader in the development of renewable energy and by the year 2017, China’s wind and solar power capacity reached 168 GW and 130GW respectively, generating 5.3 percent of China’s electricity supply. Correspondingly in photovoltaic (PV) technology the price of PV modules decreased from about 30 Yuan
Studies indicate that the difference between fossil fuels and renewable energy is not vast. Trade in energy is unlikely to weaken and fossil fuel producers will continue to remain significant players in international affairs for at least the near future.Renewable energy sources may be more evenly distributed then fossil fuel sources
Credit Greentech Media Whether it’s a wind turbine or a solar panel or nuclear power plant fossil fuel powers its manufacturing , mining, processing, transportation and installation. In the next decade Fossil fuels will remain irreplaceable and no renewable energy miracle is around the corner. Developing countries need to be cautious in transiting from fossil
