China is currently the largest energy consumer in the world and the largest producer and consumer of coal. However, China leads in global shift to renewable energy.
Major Chinese wind energy companies such as China Energy Investment Corporation, the world’s largest wind energy developer, are continuing to expand overseas in recent years.
In its pledge as part of the Paris Agreement, China said it will aim to source 20% of its energy in 2030 from low-carbon sources.
China’s government has begun to put a strong emphasis on curbing CO2 emissions. The country plans to spend $363bn on renewable power capacity by 2020.
China’s total investment in clean-energy projects represented more than $44 billion in investment in 2017— a significant growth from 2016’s $32 billion.
China plans to cap its coal-fired power capacity at 1,000 gW in 2020, and non-fossil fuel will account for half of the country’s total power generation by 2030.
Since the turn of the century, China has more than quadrupled its installed hydropower capacity and accounted for over half of global hydropower growth.
In 2017, China’s new installed wind power capacity stood at 15 GW, taking approximately one-fourth of the global new installed capacity.
In 2017, Beijing recorded 226 blue sky days, compared to just 176 in 2013. Blue sky days is a general term that refers to days with good air quality.
China has overtaken the US and Germany to become the number one exporter of environmental goods and services.
Also, China is creating more green energy jobs, faster than any other countries.
From 2012 to 2017, as the world’s largest clean energy developer, China accounts for a whopping 43 percent of all renewable energy jobs.
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