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Wake up babe, Bloomberg confirms China is the only country seriously trying to save the world yet again (hexbear.net)

submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]

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2024 BNEF Investment Trends report just dropped: https://about.bnef.com/blog/global-clean-energy-investment-jumps-17-hits-1-8-trillion-in-2023-according-to-bloombergnef-report/

EU absolutely fucking BODIED lmao

The US did double its investment since last year (141B), China was previously at 546B.

Canada not even mentioned. Embarrassing.

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[–] [email protected] 9 points 9 months ago (1 children)

Assuming these are already all in US dollars.

United States:

3.031 x 10^11 dollars / 3.36 x 10^8 people = $902.1/person

China:

6.759 x 10^11 dollars / 1.45 x 10^9 people = $466.1/person

Adjusted for a PPP of 3.62, this is the equivalent of $1685.79/person.

In other words, the US almost doubles China’s per-capita spending, but if you adjust for PPP it’s the other way around. And of course China’s raw spending is about double the US’s.

[–] [email protected] 4 points 9 months ago* (last edited 9 months ago)

I've never fully understood the full impact of what PPP really means - Does this mean China are committing more 'productivity' or 'resource' to renewables per capita? Or does it just mean that they're committing more relative to their GDP/quality of life?