China Sets Ambitious Renewable Energy Goals
China Sets Ambitious Renewable Energy Goals
China Sets Ambitious Renewable Energy Goals
News summary

China has surpassed its clean energy production targets six years ahead of schedule, achieving a total capacity of 1,206 gigawatts from solar and wind sources. The country now generates approximately 14% of its electricity from these renewable sources and plans to build an additional 8-gigawatt solar power plant alongside a coal power plant in Inner Mongolia. China's aggressive expansion in renewable energy is supported by its state-led industrial policy, with more than 40% of the world's installed solar capacity attributed to the nation. By 2025, over 26 provinces have set ambitious energy storage targets, expecting a total capacity of 86.6 gigawatts. Despite coal generation still meeting some of the increasing electricity demand, the growth of renewables is expected to lead to a decrease in coal use by 2024. Overall, China is making significant strides towards its goal of peak emissions by 2030 and carbon neutrality by 2060.

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Last Updated
20 days ago
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