In China’s energy transition, it is the best of times and the worst of times.
When US climate envoy John Kerry visits Beijing this week, he will find himself in a country that’s light years ahead of the US in building clean power. Spending on renewable energy will average nearly $US250 billion ($365 billion) a year between 2021 and 2023, close on the levels of every rich nation put together, according to the International Energy Agency.
