China has deployed more wind power this year than the UK's total aggregate generation capacity, and double US total aggregate solar generation. Yes, South America has a substantial amount of existing hydro power, but this is no excuse for developed world laggards. It is a choice to prioritize oil, gas, and other fossil fuel subsidies and infra support, but it is hopeless with global EV and renewables manufacturing flywheels coming up to speed (China is selling ~1 million EVs per month as of 2023Q4, solar PV manufacturing will reach 1TW next year). Just as Tesla (and BYD in China, credit where credit due) was the underdog and "David" until they rocketed passed legacy auto and became "Goliath", the same will happen to clean energy vs fossil tech. Like a recession, you're not going to be able to call it until looking back at trailing indicators.

https://www.iea.org/reports/renewable-energy-market-update-j...

https://www.theguardian.com/business/2023/nov/13/chinas-carb...

> The most striking growth has been in solar power, according to Myllyvirta. Solar installations increased by 210 gigawatts (GW) this year alone, which is twice the total solar capacity of the US and four times what China added in 2020.

> The analysis, which is based on official figures and commercial data, found that China installed 70GW of wind power this year – more than the entire power generation capacity of the UK. It is also expected to add 7GW of hydro power and 3GW of nuclear power capacity this year, said the report.

https://www.carbonbrief.org/analysis-chinas-emissions-set-to...

> China’s carbon dioxide (CO2) emissions are set to fall in 2024 and could be facing structural decline, due to record growth in the installation of new low-carbon energy sources.

(my note: pedal to the floor, no one ever said "we have too much clean energy!")