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Still need more thirsty power
Thermal power is heavily reliant on water but China is still needs to add power to grow. Installed capacity of water-reliant power is expected to more than double in between 2010 and 2030 to 1.2TW. However, 49% of its coal reserves are in Dry 11 regions, which raise risks of stranded assets. Indeed, revocation of water use permits has stranded mining assets in the past.
China is shifting to renewables to balance its power mix for water & climate. By 2050, it expects to add 808GW of renewable power installed capacity. But there are still hidden risks with the need for toxic rare earths in renewables.
It’s not just China, we all need to be adding the right type of power; we can’t afford not to. Discover more on what China and Asia are doing in power in the Big Picture and latest articles on this in The Latest.
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