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China’s Dual Energy Strategy | Business and Finance News
Description
China’s new five-year plan reveals a bold energy strategy: building coal plants while investing more than half the world’s wind and solar spending. Far from contradiction, this “all-of-the-above” approach ensures energy security while cementing China’s global dominance in renewables. Since the Paris Agreement, they’ve expanded both fossil fuels and green tech, controlling critical supply chains and manufacturing the world’s renewable equipment. With a target of 50% non-hydrocarbon electricity by 2030, China is scaling wind and solar—but also ramping up coal production to an all-time high. Their priority? A resilient, self-reliant energy system that powers the economy and maintains global influence, not just climate headlines.
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