{"id":204338,"date":"2024-06-12T07:55:57","date_gmt":"2024-06-12T11:55:57","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=204338"},"modified":"2024-06-12T07:55:58","modified_gmt":"2024-06-12T11:55:58","slug":"chinas-spare-solar-capacity-offers-climate-and-energy-access-opportunity","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/chinas-spare-solar-capacity-offers-climate-and-energy-access-opportunity\/","title":{"rendered":"China\u2019s \u2018spare\u2019 solar capacity offers climate and energy access opportunity"},"content":{"rendered":"
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Richard Black- Director of Policy and Strategy Ember<\/p>

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Dr Muyi Yang -Senior Electricity Policy Analyst, China- Ember<\/p>\n\n\n\n

EMBER CLIMATE-<\/strong> This analysis looks at the gap between the potential output of the world\u2019s existing solar panel factories and projected global solar power deployment out to 2030. It looks at the benefits that could accrue by deploying the solar generating capacity that could be manufactured this decade, but for which there is currently set to be no market. These include improving energy access in the Global South and achieving the target of tripling renewable energy capacity agreed at the 2023 UN climate summit. With the majority of manufacturing capacity located in China, the analysis outlines how supporting this rollout would be in China\u2019s interests both economically and diplomatically, but would also be in the interests of Western countries.<\/p>

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Executive summary<\/h2>\n\n\n\n

Using abundant \u2018spare\u2019 solar manufacturing capacity would deliver major gains on energy access and climate change<\/h3>\n\n\n\n

Deployment rates for solar panels across the world are lagging behind the boom in global manufacturing capacity. Recent investment in manufacturing means that over the course of this decade, factories could produce more than twice the capacity of solar panels that is projected to be deployed.<\/p>

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As the fastest growing source of clean energy<\/a> globally (generation growing by 26% per year for the last eight years), solar power is an essential instrument in decarbonisation, and is set to dominate electricity generation. Given its low cost and rapid deployability at a range of scales from single panels upwards, solar is also logically the cornerstone of programmes to increase electrification and energy access in countries where people lack it \u2013 and there are an estimated 675 million people without even minimal access to electricity, the majority in sub-Saharan Africa. Even with such impressive growth in deployment, the boom in manufacturing means demand is running behind supply, and the world is therefore set to realise less than half of the benefits that the solar power production line could deliver this decade.<\/p>\n\n\n\n

In this report, we analyse the scale of the benefits that would accrue through supporting deployment of panels produced with this \u2018spare\u2019 manufacturing capacity.<\/p>

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