I remember a dinner the International Energy Agency hosted back in 2008, where members met to discuss the possible entry of China and India into the club – which was slightly tricky because members of each delegation were sitting at the table beside us as the merits of the case were discussed. At a side meeting from that event, the Chinese minister said they had decided to “dematerialise their development model”. They were going to advance the electrification of everything, using renewable and battery power, and in doing so tackle the chronic air pollution that was choking the residents of their cities at the time.
Four years later, Bloomberg New Energy Finance outlined how China was already dominating wind and solar manufacturing and investing heavily in the battery and gri
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