Wind and solar output jumped 21% last year to 1,190 terawatt-hours of electricity, the National Energy Administration said at a briefing on Monday. That’s not far off total residential power consumption of 1,340 terawatt-hours, the NEA said, which was a 14% increase on the prior year as more people spent time at home because of the government’s stringent virus restrictions.
The near-match underscores two important things about China’s power system. One, of course, is the rapid growth in renewables as the country sinks hundreds of billions of dollars into meeting climate goals and reducing its reliance on expensive fossil fuels. But tempering that is a second point: the relative insignificance of household power when it comes to energy demand in China. Just 17% of electricity use there was classified as residential in 2020, according to the International Energy Agency. In the same year, homes accounted for 29% of power consumption in
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Business Maverick: US Shoots Down Fourth Object as China Levels New AccusationThe US military had never shot down an object in American airspace before taking out a Chinese balloon off South Carolina earlier this month. Now it’s becoming a near-daily occurrence.
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Business Maverick: Singapore eyes chips investments amid US-China tensionSingapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology. I be sharing this good news on how am getting paid from AnthonyRobert__ platform if I didn't see others testifying I was doubting but now that am experiencing how great his platform is.I also recommend you to AnthonyRobert__ bitcoin mining for safe and secured investment
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Business Maverick: EU Deficits Must Come Down as Economy Improves, Dombrovskis SaysEuropean countries need to shift away from massive spending to help households and businesses through the energy crisis and refocus on fiscal discipline now that the economic outlook is improving, according to EU Commission Vice President Valdis Dombrovskis.
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Business Maverick: Chinese shopping app taking on Shein makes its Super Bowl debutChinese-owned e-commerce upstart Temu made its Super Bowl debut on Sunday, an unofficial coming-out party for an online shopping app that’s climbed American download charts since its debut late last year.
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BUSINESS MAVERICK: Cartoon Tuesday with RicoShare to Facebook Facebook Share to Twitter Twitter Share to Email App Email App Share to WhatsApp WhatsApp Hide Gosh on quick glance I thought that was an Electricity Fairy😂
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Business Maverick: Global bond bulls’ biggest BOJ fear already well under wayNow traders have an idea who’s likely to take the Bank of Japan hot seat, the focus will sharpen on the biggest worry of global bond investors – a wave of Japanese cash flowing out of international markets toward rising yields at home.
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