What will be the true statements about China's renewables in 2024?
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Ṁ2405
Dec 31
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China's renewables installations > the rest of the world combined
Resolved
NO
Carbon emissions will start to drop
Resolved
N/A
EV battery prices will be less than 57$/kWh
Resolved
NO
Solar installations will reach 400 GWs

Carbon emissions will start to drop-->china's carbon emissions in 2024 will be lower than in 2023

Solar installations will reach 400 GWs --> referring only to the installations in 2024

EV battery prices will be less than 57$/kWh --> resolves true if any battery manufacturer will sell batteries that cost less than 57$/kWh by the end of 2024

China's renewables installations > the rest of the world combined --> China's total renewables installations iwill be higher than the installations of the rest of the world combined in 2024

  • Update 2024-31-12 (PST) (AI summary of creator comment): - EV battery prices: Resolved to N/A due to ambiguity between battery cells and packs.

    • China's renewables installations > the rest of the world combined: Resolution postponed until clear data is available.

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Carbon emissions will start to drop: resolves to NO

https://www.reuters.com/business/environment/global-co2-emissions-hit-record-high-2024-report-says-2024-11-13/

Solar installations will reach 400GW: NO

https://www.chinadaily.com.cn/a/202412/24/WS676a1acaa310f1265a1d4975.html

EV battery prices will be less than 57$/kWh. Complex, see below:

Bloomberg article (July 2024)

Claims that the cost of LFP battery cells in China has fallen by 51% since 2023 to an average of $53/kWh.

https://www.bloomberg.com/news/newsletters/2024-07-09/china-s-batteries-are-now-cheap-enough-to-power-huge-shifts

BUT:

BNEF Article (December 2024)

Claims prices in china have fallen to $94/kWh for battery packs, the lowest globally.

https://about.bnef.com/blog/lithium-ion-battery-pack-prices-see-largest-drop-since-2017-falling-to-115-per-kilowatt-hour-bloombergnef/

I realized I didn't clarify whether this resolved to the price of battery cells or packs.

I'll resolve this to N/A. Apologies for the confusion.

China's renewables installations > the rest of the world combined:

This seems to be pretty tight. I'll wait a few months to resolve so that we have clear data

bought Ṁ35 NO

... I think you mean $57/kwh, not Gwh...

And that would be cell prices, not pack prices?

Also, option says $57, description says $55

Tempted to bet no on the Gwh price, but that makes it awkward for you to change it, so I'll hold off.

@equinoxhq thank you, you are correct

@equinoxhq sorry about the typos. Please everyone let me know if it's fine that I updated the description or if someone thinks I should resolve the market N/A

@SimoneRomeo Seems fine to me :)

@equinoxhq sorry Myron, I didn't get and handle the first part of your objection. I should have clarified whether I meant packs or cells

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