According to the International Energy Agency (IEA), only China and Latin American countries have expanded their renewables capacity fast enough in 2022. By 2030, the People’s Republic could expand its capacity by a factor of 2.5 compared to 2022 – this corresponds to 45 percent of the capacity growth required to achieve the global target. The IEA estimates that this would be a sufficiently high contribution. However, China currently also consumes 30 percent of the electricity generated worldwide.