That just means that China started later. Europe is already past 50% and are on the top half of the S-curve where adding additional renewables has diminishing returns.
Look at the absolute values, china added 4X the clean energy as EU. Once the manufacturing of panels is in place they can keep doing it without further investment. That's not diminishing returns, that's actual power every time. Cars don't run on percentages, they run on kWh. There's nothing diminishing
The diminishing return happens when you have so many solar panels that on a sunny day you generate more than 100% of the electricity you can use. Maybe that situation is great if you want to subsidize solar panel factories, but you get less usable kWh for the same cost.
It’s completely expected for Europe’s installation of solar panels to begin tapering off as they get more return on investment by installing battery storage and decarbonizing other parts of the economy.
mrtksn|5 months ago
akamaka|5 months ago
It’s completely expected for Europe’s installation of solar panels to begin tapering off as they get more return on investment by installing battery storage and decarbonizing other parts of the economy.