"China sets a model for a fully integrated energy transition, from generation and storage to grid management and consumption," said Alfaro-Pelico, acknowledging China's commitment to the dual carbon goals of peaking carbon emissions by 2030 and attaining carbon neutrality by 2060.
"The proportion of coal consumption in China's total energy consumption stood at 55.3 percent in 2023, and thus the potential for green and low-carbon energy transition is great," said Li Zheng, director of the Institute of Climate Change and Sustainable Development at Tsinghua University. China is already revving up the transition to green energy.
Alfaro-Pelico said that China's substantial investments, coupled with a far-reaching policy strategy that supports renewable energy deployment and manufacturing, have made it a leader in the energy transition. Renewable energy has become cost-competitive compared with fossil fuels.
Technicians check solar panels in Zhoushan, Zhejiang province. [Photo by YAO FEN/GFOR CHINA DAILY] BEIJING - Over the past three months, Anhui Huasun Energy Co Ltd has been racing against time to make solar modules for a gigantic photovoltaic project in China's Xinjiang.
China's green energy development has become an engine for global energy transition. Since 2013, China has been responsible for over 40 percent of the annual additions to global renewable energy capacity.
Projections of solar panel manufacturing capacity and deployment 2024-2028 were sourced from the International Energy Agency’s Renewables 2023 report. The IEA projects that global solar manufacturing capacity will rise from 1,100 gigawatts (GW) in 2024 to 1,300 GW in 2028.
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