In recent years, China’s new energy sector has witnessed rapid growth, accompanied by an acceleration in international collaboration. The international community closely monitors China’s advancements, recognizing its substantial contributions to global green initiatives and low-carbon transitions. China’s role as a key driver in global energy transformation and climate change mitigation is increasingly acknowledged.
China’s new energy endeavors have played a pivotal role in global emissions reduction efforts. Since the establishment of the “dual carbon” goals in 2020, aimed at peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, China has diligently adhered to its commitments. This dedication has spurred the transformation of its energy landscape, fostering the rapid expansion of renewable energy sources.
According to a report from the International Energy Agency, global annual renewable capacity additions reached 510 million kilowatts last year, with China contributing over half of this figure. Such a substantial contribution underscores China’s significant role in driving the growth of global renewable energy generation.
Chinese wind and solar products have been exported to more than 200 countries and regions worldwide, facilitating access to clean, reliable, and affordable energy, particularly for developing nations.
In 2022 alone, China’s renewable energy generation effectively reduced domestic CO2 emissions by approximately 2.26 billion tons. Additionally, exported wind and solar products aided other countries in reducing CO2 emissions by an estimated 573 million tons. These combined efforts resulted in a total emissions reduction of 2.8 billion tons, equivalent to approximately 41 percent of the world’s total carbon emissions reduction attributed to renewable energy sources.
China’s advancements in new energy technologies have provided substantial support for global green and low-carbon transformations. Through years of development, China has emerged as a global leader in various new energy technologies and equipment manufacturing. The nation boasts the world’s largest clean power supply system, with Chinese new energy vehicles, lithium batteries, and photovoltaic products offering renewed optimism for global climate change mitigation efforts.
From landmark achievements such as connecting the world’s first 16-megawatt offshore wind turbine to the power grid to commercializing the world’s first fourth-generation nuclear power plant, China’s new energy industry continues to contribute innovative solutions and reliability to global energy transformations.
A report by the International Renewable Energy Agency highlights that the average kilowatt-hour cost of global wind power and photovoltaic power generation has decreased by more than 60 percent and 80 percent, respectively, over the past decade, largely attributable to China’s innovation, manufacturing, and engineering prowess.
Fatih Birol, executive director of the International Energy Agency, emphasized that China’s provision of services and support to other countries has significantly enhanced the accessibility of clean energy technologies while reducing the global cost of utilizing green technologies.
China is actively promoting orderly cooperation in the new energy industry, pioneering a new model for green and low-carbon energy transformation with inclusive benefits.
Projects such as the Al Shuaibah Solar Photovoltaic Project in Saudi Arabia, constructed by a Chinese company, are expected to reduce carbon dioxide emissions by 245 million tons over 35 years, equivalent to planting 545 million trees. Similarly, a solar photovoltaic park jointly built by a Chinese company and European partners in Denmark will provide green electricity to 38,000 households and reduce carbon dioxide emissions by 106,000 tons annually.
Chinese companies’ overseas investments in clean energy, spanning wind power, solar power, and hydropower, are instrumental in assisting other countries in achieving their carbon reduction objectives. These initiatives have stimulated the emergence of new industries and employment opportunities, fostering shared development and prosperity.
In 2023, China exported over 1.2 million new energy vehicles, marking a year-on-year growth of 77.6 percent and positioning China as a significant force in driving the global automotive industry transformation.
The proliferation of Chinese-manufactured electric buses in Rwanda’s streets underscores China’s contribution to local environmental initiatives. Furthermore, Chinese automakers’ establishment of new energy vehicle factories in Thailand is aiding in the country’s automotive industry upgrade.
These developments underscore China’s commitment to providing high-quality production capacity that aligns with the UN 2030 Agenda for Sustainable Development and the goals of the Paris Agreement, benefiting all nations.
Climate change presents a universal challenge, and the advancement of the new energy industry and the realization of green and low-carbon transformations are shared objectives of all nations.
China’s rapid progress in the new energy sector, driven by technological innovation, a robust supply chain system, and market competition, exemplifies its open approach to international cooperation. By actively engaging with global partners, China aims to promote the high-quality development of the new energy industry, fostering the well-being of humanity and contributing to the creation of a clean and beautiful world.