Menu

Search

  |   Technology

Menu

  |   Technology

Search

China Surpasses 2020 Renewable Energy Target, Beats US By A Mile

China Solar Panels.WiNG/Wikimedia

President Donald Trump might like to brag about making American great again, but the US is losing to practically every major country in the things that matter. China, once one of the world’s leading producers of carbon dioxide is now the leader of clean energy. The nation just surpassed its 2020 renewable energy target, adding 10.52 GW of solar energy in July alone.

China has been on a mission to add as many solar installations in the country as it could by the end of the year and so far, it has been succeeding on an unprecedented scale. On top of the 24.4 GW of solar power that it managed to create in the first half of 2017, it added almost half of that in just one month, CleanTechnica reports.

As if those numbers weren’t impressive enough as no other country comes even close to exhibiting that kind of enthusiasm for solar power, this latest push officially means that China has just surpassed its energy goals for 2020. Supposedly, the five-year stretch between 2016 and 2020 would lead to the creation of solar installations that would produce 105 GW of energy.

As of right now, that number should stand at around 112.34 GW. This also meant that China had to make some adjustments to its own forecast of how much solar energy it would add for the year from 40 GW to 45 GW, Futurism reports.

While it’s true that the US is progressing in terms of installing solar sites all over the country, the effort is usually driven by leaders on the local level, by the citizens, and private companies. Meanwhile, the current administration and civil servants at the federal level are doing everything they can to undo all of the progress towards a cleaner future that the previous regime had made.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 20 15:30 UTC Released

BRForeign Exchange Flows*

Actual

2.161 Bln USD

Forecast

Previous

-1.251 Bln USD

September 20 14:30 UTC Released

TRCentral Govt Debt Stock*

Actual

820.5 Bln TRY

Forecast

Previous

817.1 Bln TRY

September 21 08:30 UTC 415415m

GBPSNB, MM GBP

Actual

Forecast

Previous

-0.76 Bln GBP

September 21 08:30 UTC 415415m

GBPSNCR, MM GBP

Actual

Forecast

Previous

-3.912 Bln GBP

September 21 08:30 UTC 415415m

GBPSNB Ex Banks GBP

Actual

Forecast

7.100 Bln GBP

Previous

-0.184 Bln GBP

September 21 12:00 UTC 625625m

BRIPCA-15 Mid-Month CPI

Actual

Forecast

0.15 %

Previous

0.35 %

September 21 12:00 UTC 625625m

BRIPCA-15 Mid-Month CPI YY*

Actual

Forecast

2.60 %

Previous

2.68 %

September 21 12:30 UTC 655655m

CAWholesale Trade MM

Actual

Forecast

-0.9 %

Previous

-0.5 %

September 21 12:30 UTC 655655m

USInitial Jobless Claims

Actual

Forecast

300 k

Previous

284 k

September 21 12:30 UTC 655655m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

263.25 k

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.