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China to replace coal by wind and solar energy, by 2030

China has already demonstrated what’s in store by reducing the cost of solar PV modules so much that they are now commonplace on roofs across the mortgage belt suburbs of Australia. Between one-in-10 and even as much as one-in-three households now have solar PV systems installed in the outer metropolitan suburbs of Sydney, Brisbane, Perth, Adelaide and Melbourne as well as several regional cities. Such an outcome wasn’t even dreamt about by the most wildly optimistic greenie just four years ago.

What Japan did for home entertainment equipment, China will do for clean energy

Wind & solar outpace coal in China by 2030 – Bloomberg Tristan Edis 28 Aug 13,  Bloomberg New Energy Finance (BNEF) has released analysis which finds renewables will make up more than half of new power capacity growth in China to 2030, across a variety of plausible scenarios. By 2030 total installed capacity of renewable energy power plants will equal that of coal.

This study sought to examine how technological and economic changes might realistically alter the make-up and growth of China’s power sector. They found that coal’s dominance will be challenged by:

– faster technological improvement and cost reductions achieved by renewable energy technologies;

– increased social concern and, consequently, government regulation over environmental pollution;

– the prospects of shale gas, and;

– a potential price on carbon emissions.

under the four scenarios examined the New Normal scenario is considered their most likely.  According to BNEF, the key reasons underlying the rapid growth of renewable energy are i) the continuously improving economics of wind and solar PV due to falling technology costs, ii) increasing costs for coal-fired plants as a result of environmental controls, and iii) the expected uptake of distributed solar PV in China’s commercial sector…..

China has already demonstrated what’s in store by reducing the cost of solar PV modules so much that they are now commonplace on roofs across the mortgage belt suburbs of Australia. Between one-in-10 and even as much as one-in-three households now have solar PV systems installed in the outer metropolitan suburbs of Sydney, Brisbane, Perth, Adelaide and Melbourne as well as several regional cities. Such an outcome wasn’t even dreamt about by the most wildly optimistic greenie just four years ago.

What Japan did for home entertainment equipment, China will do for clean energy………..http://www.businessspectator.com.au/article/2013/8/28/renewable-energy/wind-solar-outpace-coal-china-2030-bloomberg

August 28, 2013 - Posted by Christina Macpherson | China, renewable