Environment & Energy

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2030 forecast has two main drivers: solar PV and China

China is set to cement its position as the global renewables leader, accounting for 60% of the expansion in global capacity to 2030. The country is forecast to be home to every other megawatt of all renewable energy capacity installed worldwide in 2030, after surpassing its end-of-the-decade 1 200 GW target for solar PV and wind six years early. Since ending feed-in tariffs in 2020, China's cumulative solar PV capacity has almost quadrupled and wind capacity has doubled, driven by cost-competitiveness and supportive policies. China's success stems from comprehensive support for both large-scale and distributed renewables across all renewable technologies.

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