Could Renewables Overtake Coal In China?

In September of last year Oilprice reported an incredible milestone for renewable energy when solar and wind power became cheaper than coal in most of the world. Now, a new report released this week by Wood Mackenzie Power and Renewables has heralded another milestone: China will soon be added to that list of countries in which coal is no longer more economical than renewable energy. This is a massive and massively important development because of the jaw-dropping scale at which China produces and burns coal. Alone, they consume as much coal as…