As Oil Prices Stay High, China Doubles Down on Wind Power
China is doubling down on wind power as oil prices stay high, installing three times as much wind power capacity as the rest of the world combined last year. China's top leader, Xi Jinping, has emphasized the importance of wind power and solar technology for national security, economic stability, and climate change.
China is seizing the moment to extend its dominance in wind power as the war in Iran threatens to disrupt oil and gas supplies. Last year, China installed three times as much wind power capacity as the rest of the world combined, with all six of the world's largest wind turbine manufacturers being Chinese. China's investments in wind power are driven by concerns over national security, economic stability, and climate change, as it is the largest importer of oil and gas. In contrast, the United States, the world's largest producer of oil and natural gas, has swung back toward fossil fuels under President Trump. China's top leader, Xi Jinping, has praised the country's development of wind power and solar technology, saying it has been 'forward-looking'. China is now racing to build offshore wind turbines, which tend to catch steadier breezes and are closer to coastal power users.
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