China’s carbon neutral ‘transformation’ could cost US$6.4 trillion, but plan has ‘Achilles’ heel’

Source: South China Morning PostChina will need to spend US$6.4 trillion to build the new green power generation capacity needed to meet its goal of reaching carbon neutrality in 2060, but may fall short on the supply of key raw materials required, according to energy analysts Wood Mackenzie.Solar, wind, storage and nuclear power projects are set to take centre stage to produce enough electricity to accommodate an estimated 75 per cent increase in demand and to replace lost energy from slashing fossil fuel sources by 2060,…Read More

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