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.
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?
China purposely devalues the CNY against the USD. I believe that they do this because it’s beneficial for international trade. China’s investment in these areas is in CNY and therefore, just converting it to its value in USD doesn’t give a true comparison of the value of investment. PPP takes a collection of various commodities in both countries and compares their domestic prices with each other. This gives us the PPP adjusted value of investments in USD. Hopefully I got that right.