National Energy Administration official Wang Dapeng made an announcement on Monday that China’s renewable energy industry has continued to lead globally in 2022. Wang revealed that last year, China-made photovoltaic modules, wind turbines, gearboxes, and other crucial components accounted for 70 percent of the global market share. Speaking at a press conference, Wang stated that the center of gravity of the global new energy industry is continuing to shift towards China.
In recent years, China has made significant investments in the renewable energy sector. This has enabled China to become a leader in the renewable energy industry and make significant strides in reducing its carbon footprint. The investments in renewable energy have also been a key driver of the country’s economic growth, making the country a powerful player in the global energy market.
Wang Dapeng added that China’s renewable energy development has had a positive impact on global emissions reduction. In 2022, China’s renewable energy generation was equivalent to a decrease of 2.26 billion tonnes of domestic carbon dioxide emissions. Furthermore, China’s exports of wind power and photovoltaic products have helped other countries in reducing emissions by approximately 573 million tonnes. According to the administration’s data, the two figures combined account for 2.83 billion tonnes of emissions, or about 41 percent of the world’s total carbon emissions reduction from renewable energy.
China has become a significant player in the global fight against climate change, and Wang highlighted that the country has become an active participant and important contributor. The government has set ambitious targets for renewable energy development, and it is committed to continuing to make significant investments in this industry. China’s commitment to renewable energy development and emissions reduction is a significant contribution to global efforts to combat climate change.