Why China leads the world in renewable energy
We have said for some time that emerging and frontier economies will figure prominently in global league tables for investment in renewable energy. For some, the imperative is to cut import bills of expensive energy sources - for example, every $1 added to the world price of oil costs India $2bn in higher import spending. For China, the drive to fast-forward renewable energy generating capacity is a crucial part of their current five year plan to make growth more sustainable. This short video from the Economist provides some of the context.