At almost $250 billion a year, China's green energy investments in the developing world are now the equal of the US's post-WW2 Marshall Plan, adjusted for inflation.

cross-posted from: futurology.today/post/6471896

“Pakistan, which has for years treated gas generation as the backbone of its power network, has been asking suppliers to defer shipments of liquefied natural gas after a surge of solar imports suppressed grid demand. Saudi Arabia is facing one of the fastest declines in petroleum usage anywhere as photovoltaic farms replace fuel oil generators.”

Analysts are talking about a supply glut of oil for 2025/26 lowering oil prices. Are we finally at the point oil use is going to start declining? Fingers crossed, let’s hope so.

Meanwhile, China is almost single-handedly building the world’s replacement.

China’s Marshall Plan is running on batteries: Beijing’s green energy projects are bringing jobs, growth and cheap electricity to the developing world