@harmeet_kumar Great
As I was reading a article it said that China just met its 50% renewable energy
Coal accounted for 56.2% of total energy consumption last year, versus 25.9% from renewables which includes nuclear energy, the NBS data showed.
China’s national renewable energy power installation will exceed 1.45 TW, with wind and solar power installations surpassing 1 TW
China is leading the global renewables market
China’s estimated installation is more than double the number of U.S. and Europe installations combined
China’s wind and solar project investment is expected to reach $140 billion for 2023
Coming to our end – As of Nov 2023, we have a combined installed capacity of 179.57 GW.
The following is the installed capacity for Renewables:
- Wind power: 44.5 GW
- Solar Power: 72.3 GW
- Biomass/Co-generation: 10.2 GW
- Small Hydro Power: 4.98 GW
- Waste To Energy: 0.57 GW
- Large Hydro: 46.88 GW
The main reason was because China invested 6.5% of GDP value approx. value to renewable
India spent about Rs 13.35 lakh crore (Rs 13.35 trillion) in 2021-22, just over 5.5% of its GDP, on climate adaptation and expects to incur another about Rs 57 lakh crore (Rs 57 trillion) over the next seven years for this purpose, New Delhi told the UN Framework for Climate Change Convention (UNFCCC).
So that concludes that they did spend a lot on Renewable & Real Estate wherein now the Real Estate had filed for Bankruptcy.
Now China is leading on Renewable and on another if you notice 50% of their power is met via Coal and all of their industries are sweating : that’s the major concern as the AQI is over and above 200
The next growth where all are hoping towards is on Sustainability, Eco Friendly and Green Chemistry.
My thoughts
- I think China is fastly improving its infra on renewable side to improvise on carbon footprint and then help industries tap onto lower cost of input such as utilize renewable power, reducing the manufacturing cost so on
- China has over half of the world’s lithium refining capacity but has to rely on imports for about two-thirds of the raw material.
https://www.mining.com/web/china-lithium-probe-puts-spotlight-on-reserves-and-esg-risks/
The advantage we have is low cost, sustainable future – as most of our industry are using green chemistry.
Now raw material is something that we need to source for which we had breakthrough in Iron-ion, Sodium-Ion – if this gets implemented, we will have a chance.
Now coming to your question.
See Amaraja, Exide, Panasonic, Eveready – all should do well : The main factor behind them all driving depends on the marketing and sales.
EV is rapidly catching up but Bio Diesal, Ethanol – all will have to wait because there is sugar shortage.
If you think Bio Fuel is sustainable – to a limit yes but also sugar degrades the soil and this inturn has its own complications.
I feel Sodium, Aluminum batteries, Bio Gas, Hydrogen – should all do well… its certainly not now.
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