CCSN: Providing new impetus for global green development

China actively practices the concept of green development, unswervingly promotes the transformation of development mode, and widely carries out international energy cooperation, injecting "Chinese power" into global green development.

China's green energy development has become the engine of global energy transformation. Since 2013, China's new installed capacity of renewable energy has accounted for more than 40% of the world's new installed capacity of renewable energy, and the new installed capacity in 2023 will account for more than 50% of the world's new installed capacity. The "Renewable Energy 2023" report released by the International Energy Agency (IEA) pointed out that China is the leader in the field of global renewable energy and the main driving force for the rapid and large-scale growth of global renewable energy. From 2014 to 2023, the proportion of global non-fossil energy consumption increased from 13.6% to 18.5%, of which China's contribution rate to the increase in non-fossil energy consumption was 45.2%.

China's new energy industry provides green power for the world. Relying on continuous technological innovation, a sound industrial chain and supply chain system, sufficient market competition, and super-large-scale market advantages, China has achieved rapid development of the new energy industry, enriched global supply, eased global inflationary pressure, and contributed to the world's joint response to climate change and the improvement of human well-being. China's photovoltaic components and wind power equipment have created conditions for the widespread economic use of renewable energy in more and more countries. The International Renewable Energy Agency report pointed out that in the past 10 years, the average cost per kilowatt-hour of global wind power and photovoltaic power generation projects has fallen by more than 60% and 80% respectively, a large part of which is attributed to China's contribution.

China's expansion of opening-up creates new opportunities for deepening international cooperation in clean energy. China continues to create a market-oriented, rule-of-law, and internationalized first-class business environment, actively promotes the liberalization and facilitation of energy trade and investment, and provides opportunities for foreign-funded enterprises to share the dividends of China's energy transformation. The pre-entry national treatment plus negative list management system has been fully implemented, and foreign investment access in the energy field except nuclear power plants has been fully liberalized. A catalogue of industries encouraging foreign investment has been issued to increase policy support for foreign investment in clean energy and other fields. The scale of investment in China's energy by multinational companies such as General Electric, BP, and Siemens has steadily increased. Foreign-funded projects such as the French Electric Power Group's offshore wind power project, the Shanghai Tesla electric vehicle manufacturing project, and the Nanjing LG new energy battery project have been successively implemented in China.

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Posted by: Zhang Jianlong

Reviewed and translated by: Kailon Chung