While the rest of the climate-change world went to Cancun to watch the UN just about rescue its process, a team of intrepid HSBC researchers travelled to China, from where they returned with bullish news on clean energy.
In a mammoth report entitled Low-carbon China, the team found that the country was on track to outstrip its own targets on clean technology by a long way. This chart below shows the bank’s forecasts for solar and wind for 2015 and 2020 at around 50 per cent and 65 per cent above official targets.
