China’s shift towards low-carbon moves
BEIJING: In recent years, the new energy sector in China has undergone considerable expansion, marked by a surge in international collaboration within this domain.
According to a report published by the People’s Daily, China’s substantial role in fostering the global shit toward green and low-carbon initiatives continues to garner global recognition, identifying the nation as a pivotal catalyst in the global transition toward sustainable energy practices and endeavours to mitigate climate change. China’s commitment to its “dual carbon” goals, announced in 2020, has led to a steadfast fulfillment of its pledges. The nation has accelerated its energy structure transformation and promoted the swit development of renewable energy sources. According to the International Energy Agency, China accounted for more than half of the global annual renewable capacity additions last year, which totalled 510 gigawats (GW).
Chinese wind and solar products have been distributed to more than 200 countries and regions globally, facilitating access for developing nations to clean, dependable, and cost-effective energy solutions. In 2022, China’s renewable energy generation contributed to a reduction of approximately 2.26 billion tonnes in domestic CO2 emissions, while the exportation of wind and solar products aided other nations in decreasing CO2 emissions by an additional 573 million tonnes. Collectively, these endeavours constituted roughly 41 percent of the global reduction in carbon emissions atributed to renewable energy.
China has emerged as a global leader in various new energy technologies and equipment manufacturing, establishing the world’s largest clean power supply system. Chinese innovations in new energy vehicles, lithium bateries, and photovoltaic products have brought new hope to global climate change mitigation efforts.