Clean Energy in China

Clean Energy in China

In the rolling yellow sand dunes of the Kubuqi desert in northern China, row upon row of solar panels glitter beneath a blue sky.china new energy The mammoth facility is the centerpiece of a massive clean energy project that will power 1.china new energy 1 million homes. It’s just one piece of the vast network of renewable power bases that President Xi Jinping is deploying across vast swathes of the country’s interior, as part of an ambitious plan to achieve a 33% share of electricity from renewable sources by 2025. The target is well within reach, and in fact may be exceeded, according to analysts and clean energy project developers.

The shift toward greener energy is being driven by both economic and environmental considerations.china new energy Increasing consumption by a growing middle class, heavy industry exports and a construction boom that prompted Chinese to nominate the crane as their national bird are driving demand for energy that must be fed into the grid. At the same time, China’s climate goals are being shaped by the need to reduce carbon emissions and mitigate the effects of climate change, including sea level rise.

It’s been a decade since China began to invest heavily in new-energy technologies, including wind, solar and bioenergy.china new energy As a result, the country now boasts the world’s largest installed capacity of these technologies. It is also on track to meet its goal of 33% electricity from renewables by 2025, and could exceed the target if progress continues to debottleneck the nation’s power grid, which would allow it to absorb more.

But the shift to greener energy is not without its challenges.china new energy China has carved out the role of global leader in the new-energy industrial chain, dominating 80 percent of the market for electric car batteries and photovoltaic cells. Its massive manufacturing base is creating lucrative opportunities for companies like Wang’s, which has invested trillions of yuan to produce and sell these products globally.

As a result, China has built up overcapacity in some segments of the industry.china new energy This is a problem at a critical moment for global efforts to decarbonize the energy sector. Adding to the pressure are trade barriers and backlash against low-priced Chinese products, as well as insufficient downstream demand in some regions.

Nonetheless, local and provincial authorities remain bullish on the new-energy sector.china new energy They see it as a way to generate revenue and create jobs. They are especially keen on distributed solar power generation, which is more suited to local needs than the centralised power-generation format of large plants. This type of infrastructure is a favorite investment darling among local-level authorities, whom the central government has charged with boosting their economies.

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