Renewables begin outpacing fossil fuels on China's $200bn Belt & Road highway - Recharge
Renewables begin outpacing fossil fuels on China's $200bn Belt & Road highway | Recharge
International power sector investments under China's Belt & Road Initiative (BRI) topped $200bn in value over the last decade but renewables are only just beginning to oust fossil fuels in the picture, a new study by global consultancy firm Wood Mackenzie suggested.
Around 300 projects accounted for the investment total of $200bn calculated in the study, with a total of 128GW of power installed, the study found.
Related Knowledge Center: ENERGY BASICS: hydropower
Hydropower — electricity generated by turbines capturing energy from moving water — was for many years the primary contributor of renewable energy to the U.S. electricity grid. Its growth was rapid into the 1970s, and since then has offered a stable supply of power, while a declining share of all generation. For many years, hydropower was seen as clean energy and an unalloyed good, but a greater understanding of the impact of dams on ecosystems and wildlife has led to the removal of some dams. As of 2019, hydropower trails wind as a renewable source of power generation.