Q generation capacity, both coal and natural gas, I think, depending on the situation. What's going on there? I mean, if you, you show some historical data, too, and it's not like that's been a consistent trend. This is actually the first year in recent years that fossil energy generation went down in both China and India. So is that something anomalous about twenty-twenty-five, or Does it pretend a bigger trend?
A Yeah, so it's, the two countries are actually a really interesting split into China on the one side, which is basically representative and obviously also dominating the global trend as a whole. Uh, and that trend is A growth in clean power, particularly from solar and wind power that is meeting rapidly rising demand. So that's the story both globally, but also in China. And then on the other side, you have India where the underlying current of that rapid rise in renewables is also present. It's just not quite as far advanced yet as in China, but we basically got a taste in 2025 of what the next few years could look like because electricity demand growth was significantly lower than in previous years. And the reason for that was mainly just the weather. Um, you couldn't, you could say it as a, there's a climate aspect to it, but in 20, 25, it was largely because we had a really mild, uh, monsoon season. Um, so that means temperatures were much lower. India's electricity demand is heavily pegged to how high temperatures are, how much electricity is needed for cooling. And so what happened is demand growth is relatively low. Couple that with a record increase in renewables. And you get a similar, on the face of it, a similar trend to China where fossil generation falls. But we do expect that it will still take a few more years for that trend to really be structural. So it'll be cl…
AI assessment note: “two countries are actually a really interesting split into China on the one side”