Why do I see red lights flashing all over this renewable jubilation piece? Oh yes, I know, I know. Because it stinks like a fart from a fellow on a bread-beans-garlic diet. In terms of coal, China is the biggest kid on the block. No, no – let me hammer it really in. China uses more coal than the rest of the frickin planet combined. All those other smokin coal burners taken together have a smaller pile than the green-red giant in the East. And their consumption grows, it does not shrink. Oh, here is some more news, they invest in plenty of new coal mines so I guess it won’t start shrinking for quite a while. This piece is for consumption by gullible Westerners as China clearly does not give to turds about it. Their actions speak louder than words.
Average solar prices in China have fallen below wind for the first time this year, Wood Mackenzie says.