US agency says: China's 2030 green energy goals will be achieved five years ahead of schedule
On June 29, Global Energy Monitor (GEM), an independent research group headquartered in San Francisco, USA, recently published a report saying that wind and solar energy are booming in China, which may help limit global carbon emissions faster than expected.
According to GEM, China currently has more solar panels installed in large-scale projects than the rest of the world combined. In wind energy, China has doubled its installed capacity since 2017.
GEM says this is just the beginning, with China planning to more than double its wind and solar capacity by the end of 2025, which would lead to a 50% increase in the global number of wind turbines and an 85% increase in the number of large-scale solar installations worldwide.
Last year, the world spent more than 500 billion US dollars on wind and solar energy (IT home note: currently about 3.62 trillion yuan), and China alone accounted for 55% of it. China has become the world's leading supplier of solar panels, which has reduced the cost of the entire supply chain, and relevant environmental protection laws and subsidy policies have also played an important role in promoting it.
GEM also believes that China's 2030 green energy goals are expected to be achieved five years ahead of schedule. China is the world's largest coal consumer. Coal is mainly used for power generation. About 69% of China's carbon dioxide emissions come from coal. The development of renewable energy will effectively reduce the consumption of coal for power generation.
Article source: IT House
