China’s new energy industry helping global carbon emissions reduction

An International Energy Agency report pointed out that in 2023, China contributed more than half of the global renewable energy installed capacity of 510 million kilowatts, making it a major contributor to the growth of global renewable energy power generation. China’s wind power and photovoltaic products have been exported to more than 200 countries and regions around the world, helping many of them obtain clean, reliable and affordable energy. In 2022, China’s renewable energy generation helped reduce domestic carbon dioxide emissions by about 2.26 billion metric tons, and its exports of wind power and photovoltaic products helped reduce carbon dioxide emissions by about 573 million tons for other countries.

China has built the world’s largest clean power supply system and the swift development of its new energy vehicles, lithium batteries and photovoltaic products have injected new hope into the global response to climate change. From the world’s first 16 megawatt offshore wind turbine for electricity generation, to the world’s first fourth-generation nuclear power plant officially put into commercial operation, from a new type of battery that has a range of 1,000 kilometers per charge to the intelligent vehicle cabin that introduces artificial intelligence, China’s new energy sector has contributed to global energy transition with innovative advantages and excellent quality. The International Renewable Energy Agency points out that in the past 10 years, the average kilowatt-hour cost of global wind power and photovoltaic power generation have decreased by more than 60 percent and 80 percent respectively, a large part of which is attributed to China’s innovation, manufacturing and engineering.

China has been promoting international cooperation in the new energy industry chain in an orderly manner and building a new win-win model of green and low-carbon energy transformation. Overseas clean energy projects by Chinese companies have helped other countries meet their carbon reduction targets, create new industries and jobs and promote common development and prosperity.

Facts prove that China’s new energy industry has provided high-quality production capacity that is conducive to implementing the goals of the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement on climate change, from which all can benefit.