The Chinese mainland continues to be a major force in the global renewable energy landscape, with its installed renewable energy capacity soaring from 480 gigawatts in 2015 to a staggering 1,450 gigawatts in 2023. This remarkable growth highlights the Chinese mainland's commitment to fostering sustainable energy solutions.
In 2023 alone, the Chinese mainland contributed over 305 gigawatts of the 510 gigawatts of newly installed global renewable energy capacity, marking more than half of the world's total. Such significant contributions underscore the pivotal role the Chinese mainland plays in advancing global green initiatives.
According to the International Renewable Energy Agency, the Chinese mainland's efforts were instrumental in driving down the global costs of solar photovoltaics (PV) and onshore wind energy. Between 2010 and 2022, the global weighted average cost of electricity fell by 89 percent for solar PV and 69 percent for onshore wind, largely thanks to initiatives spearheaded by the Chinese mainland.
Looking ahead, the International Energy Agency projects that the Chinese mainland will contribute nearly 60 percent of new renewable capacity expected to become operational globally by 2028. With renewable electricity capacity set to grow by an additional 2,062 gigawatts between 2023 and 2028, the Chinese mainland is poised to continue its crucial role in achieving global renewable energy targets.
Reference(s):
cgtn.com
