Saturday, April 19, 2025

China’s new energy industry goes places

by malinga
June 23, 2024 1:00 am 0 comment 418 views

Climate change is a global challenge, and developing new energy industries and achieving green, low-carbon transformation is a common goal all over the world.

China’s new energy industry has developed significant comparative advantages, supported by a robust production and supply chain, substantial market demand, continuous technological innovation amid intense market competition.

In 2023, global renewable energy installed capacity increased by 510 million kilowatts, with China contributing more than half. This significant contribution underscores China’s role in the growth of global renewable energy power generation. China’s wind power and photovoltaic products are now exported to over 200 countries and regions, aiding developing nations in accessing clean, reliable, and affordable energy.

China’s new energy industry has honed its skills through open competition, representing advanced production capacity. This progress has enriched global supply, eased inflationary pressures, and significantly contributed to global efforts to combat climate change and promote green transformation.

The rapid development of China’s new energy industry aligns with global economic needs for green transformation. China is ready to collaborate with all countries, including Sri Lanka, to share opportunities and contribute to building a clean world.

– Media release

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