China is at the forefront of the world’s shift towards renewable energy, playing a pivotal role in the global just transition, according to Gauri Singh, Deputy Director-General of the International Renewable Energy Agency (IRENA). Speaking at the ongoing World Governments Summit in Dubai, Singh highlighted China’s significant contributions to the renewable sector.
\"China has always played a very important role in renewable energy,\" Singh stated, extending her greetings to the Chinese people for the upcoming Chinese New Year on February 10. She emphasized the importance of ambition and vitality, traits embodied by the Year of the Dragon, in shaping the future of our planet.
IRENA, with its 169 member countries and regions, serves as a leading global intergovernmental organization dedicated to promoting the renewable energy transition. It supports nations in their energy transitions and provides up-to-date data and analyses on green technology innovation, policy, finance, and investment.
One of the key factors driving the global renewable energy surge is China’s role as a manufacturing hub. This position has significantly lowered the costs associated with the green transition, enabling numerous countries to advance their national renewable energy plans more efficiently. According to IRENA's Renewable Capacity Statistics 2023, published in March last year, China was responsible for approximately 48 percent of the global increase in total renewable capacity in 2022.
As the world moves towards a more sustainable future, China’s ongoing commitment and strategic position in renewable energy manufacturing continue to be instrumental in reducing costs and accelerating the adoption of green technologies worldwide.
Reference(s):
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