Matthew Dalton

Well, they are making enormous manufacturing investments in all of the big clean energy technologies.

They are installing huge numbers of solar panels, wind turbines, batteries domestically in their own electricity grid.

A lot of people think that

Those installations are so large that they're able to cover China's electricity demand growth on their own.

So that's what's happening inside China.

And it's just been this titanic shift that few people saw coming, actually, when the Paris Accord was signed in 2015.

Overseas, China has been flooding global markets with these products as well.

So developing countries all around the world have really been turning to solar and batteries in particular as, in some cases, the least costly choice for installing power generation.

It's sort of a double-edged sword for the West because they haven't been able to compete in many of these technologies.

And so the entire world is relying on China for a lot of this stuff.

Global emissions are still rising.

China's emissions are plateauing maybe, maybe starting to fall.

It's unclear.

But emissions in some other countries are still rising.

So most people think 1.5 degrees is out of reach without some insane economic catastrophe striking the globe.

Under two degrees, even that is going to be tough.

But the emergence of China, the new market dynamics of clean energy does make this at least under two degrees possible.

Thanks a lot, Alex.

Well, they have shifted away from a strategy of investing in a broad suite of different energy technologies, from renewables such as wind and solar. They've really pivoted sharply towards just oil and gas, towards really getting out of the green energy business space. They've said that they're going to direct most of their capital expenditure towards the traditional fossil fuels industries.

Well, they have shifted away from a strategy of investing in a broad suite of different energy technologies, from renewables such as wind and solar. They've really pivoted sharply towards just oil and gas, towards really getting out of the green energy business space. They've said that they're going to direct most of their capital expenditure towards the traditional fossil fuels industries.