China

Vast solar farm

Utility solar dethrones coal as the cheapest power source in Asia

According a new analysis from Wood Mackenzie on the levelized cost of electricity for the Asia Pacific region, the cost of renewables reached a historic low in 2023. Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030. Utility solar is now the cheapest power source in 11 out of 15 APAC countries. New-build solar project costs are expected to fall by another 20% by 2030.

Traffic in a Chinese city

25% of new car sales in China were fully electric in 2023 for the first time ever

Electric vehicles sales in China, the world’s largest automotive market, are surging. All plugin models accounted for 37% of the market in 2023, up from just 6% at the end of 2021. Full electrics (BEVs) alone accounted for 25%. Plugins are expected to cross the 50% mark for plugins and electric by 2026, with BEVs likely to account for over a third of sales, if current trends persist.

Hong Kong skyline at sunset

Hong Kong courts rule in same-sex couples’ favor

Hong Kong’s Court of Appeals ruled in favor of two same-sex couples in separate cases involving their rights to own and rent public housing. While same-sex marriage is not legal in the city, the rulings follow other decisions that have firmly established same-sex couples’ rights to equal treatment under the law.