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.
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.
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?