from Oil Price:
The numbers that define China’s progress over the last 50 years are staggering. Over 300 million people lifted out of poverty. Over 160 cities with more than 1 million inhabitants. Over 630 million Internet users.. And now, following the recent climate change deal with U.S., China has a massive price tag of $2 trillion to implement climate policy changes. In order to cap carbon emissions and generate 20% of the country’s electricity from renewables by 2030, Bloomberg estimates this would require 1,000 nuclear reactors, 500,000 wind turbines or 50,000 solar farms. “The pledge would require China to produce either 67 times more nuclear energy than the country is forecast to have at the end of 2014, 30 times more solar or nine times more wind power. That almost equals the non-fossil fuel energy of the entire U.S. generating capacity today,” wrote Bloomberg.
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