Despite that
1/ Solar is now the dominant form of global capacity additions, comprising 60% of new capacity in 2024
2/ China is a renewable energy juggernaut: it now accounts for 50%-60% of all global new renewable capacity additions.
3/ Most renewable supply chains go through China.
It doesn’t change the fact that China is a big (and biggest) and growing net importer of oil. In 2024, China imported about 11.1 million barrels/day of crude oil.
