It’s great that they are creating that much. They have the largest incentive too, the U.S. second. The G7 they refer to (U.S. U.K. Japan Germany France Italy Canada) used a total of ~7 PWh of electricity in 2023. China used ~9 PWh.

Hopefully the G7 starts catching up. Chinas form of government puts their long term expendetures into play when figuring out where to invest as they have a monetary stake in how much it costs to produce the electricity.

In countries like the U.S. we see companies who have large investments in oil, coal, and such trying to manipulate the transition because they didn’t have the investments already in place with alternative energy sources. The U.S. government has no money “invested” per say, so long term they don’t care that it costs more during the transition as those profits are made by the companies. The old oil tycoons will milk every penny under the attitude “I got mine.”. Then they’ll die, and we will hope some companies have transitions in place that bring low cost efficient renewable systems long term