Asia, and China in particular, “represent the future of solar energy” and “are at the heart of the ensuing industrywide transformation from fossil fuels to renewable and nuclear energy,” states a World Economic Forum Annual Meeting article. Its author, François Austin, considers that decarbonisation is changing the world economy, whose centre of gravity is shifting from West to East. Some 43% of global energy demand is set to come from Asia by 2040. Furthermore, China is already one of the most important global suppliers of non fossil fuel-based energy and technology. It holds a very good position in the lithium ion battery market, accounting for least two-thirds of the world’s production capacity of these components used in electric vehicles, smartphones and laptops.


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