Signal China produced 65 per cent of the world's new solar and wind power in 2024

Summary

This signal measures China's dominance in building new renewable power. In 2024, China accounted for 65 per cent of all the new solar and wind power generated worldwide. It has set targets of producing more than half of its electricity from renewables by 2030 and 75 per cent by 2040. Sitra uses these figures to support its description of China as the first electrostate, whose economy increasingly runs on renewables rather than fossil fuels. Reaching these targets would reinforce China's global lead in clean technology. It would also reshape the global energy economy, as Chinese technology spreads electrification to other countries.