Screenshot of IEA report on energy investment. "Chinese investments in energy remained extremely strong, accounting for one-third of clean energy investments worldwide and an important share of China's overall GDP growth. China has announced dual carbon goals - to peak carbon emissions before 2030 and achieve carbon neutrality before 2060 - and has shown remarkable progress in adding renewable capacity. In 2023, China commissioned as much solar PV as the entire world did in 2022 while its wind additions also grew by 66% year-on-year. Over the past five years, China also added 11 GW of nuclear power, by far the largest of any country in the world. The year 2023 saw robust growth for the so- called "new three" (xin-sanyang) industries solar cells, lithium batteries and electric vehicles (EV) - which saw a 30% jump in exports in 2023 from a year earlier, making them a major factor in Chinese trade. These trends are expected to continue into 2024, with the largest portion of China's investments heading towards low-emission power. Ample domestic manufacturing capacity and continued government support for clean technologies provides a foundation for strong clean energy investment within China. However, pressures are increasing on China's ability to export these technologies to other large international markets, including Europe and the United States."
https://media.hachyderm.io/media_attachments/files/112/722/341/648/829/222/original/fadf5eea6462271c.jpeg
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