China's new energy is becoming an important force in promoting global sustainable development
In recent years, benefiting from the cultivation of a large-scale and fully competitive domestic market, my country's new energy technologies and new energy industries have developed rapidly. They have not only effectively promoted the comprehensive green transformation of its own economic and social development, but also continuously provided high-quality and low-cost products to the international market. Green products help cope with global climate change, promote global accelerated green transformation, and contribute China's strength to enhancing the well-being of all mankind and jointly building a clean and beautiful world.
Address the huge challenges of global new energy development. In order to comply with the general trend of green and low-carbon development, the global new energy industry has shown strong resilience and development potential. However, in the face of the current proliferation of anti-globalization thoughts in the United States and Western countries, frequent trade protectionist policies, and the slowdown in the growth rate of developed economies. A series of severe situations such as increasing uncertainties in the development of emerging economies and escalating international geopolitical conflicts, global new energy development is also facing huge challenges.
The International Energy Agency reported that in order to triple the global installed capacity of renewable energy in 2030, so as to achieve global net zero emissions by 2050 as planned, there is still a one-third funding gap to continue based on current global investment trends. According to Bloomberg New Energy Finance forecast, in order to achieve the three-fold goal, from 2024 to 2030, energy transformation investments including renewable energy, electric vehicles, hydrogen energy and carbon capture will require an average of US$4.8 trillion per year, compared with 2023. Only US$1.77 trillion, covering less than 40%; Renewable energy investment needs will double between 2023 and 2030, from US$564 billion in 2022 to an average of US$1.175 billion per year. The lack of "start-up funds" for energy transformation poses a huge challenge to the global response to climate change and the achievement of the Sustainable Development Goals.
Geopolitical tensions pose a threat to global energy security, including both the security of traditional fossil energy supply and the security of new energy and new material supply chains, such as the acquisition of key raw materials. The green transformation of energy has also brought new challenges to power security governance in the new era. Limited by the intermittent, volatile and seasonal characteristics of renewable energy resources, a high proportion of new energy and a high proportion of power electronic devices have brought new fault patterns and stability characteristics. The production structure, operating characteristics and control mechanisms of the power system have undergone profound changes. The safe and stable operation of the power system is under great pressure.
Leading the green contribution of global energy transformation. Since the new era, my country has continued to deepen and make contributions in the fields of new energy and related industries for a long time, achieving remarkable results in promoting green development and ecological civilization construction, and injecting strong impetus into the world's green transformation. my country has become a global leader in the field of renewable energy. A leader in global energy green transformation and carbon emission reduction, and a contributor to green development cooperation of the "Belt and Road".
my country's renewable energy development has made great contributions to the growth of global renewable energy power. According to data from the National Energy Administration, my country's installed capacity of renewable energy power generation in 2023 will be 1.45 billion kilowatts, accounting for nearly 40% of the world's total. my country's wind power and photovoltaic products are exported to more than 200 countries and regions around the world, helping developing countries obtain clean, reliable and affordable energy. The International Renewable Energy Agency reported that in 2023, the new installed capacity of renewable energy power will be 473 million kilowatts, with China's contribution accounting for 60%; in the past 10 years, the average electricity cost of global wind power and photovoltaic power generation projects has dropped by more than 60% and 80%, a large part of which is due to Chinese innovation, Made in China, and Chinese engineering. Senior officials from the International Energy Agency also believe that China's green technologies and services have significantly improved the accessibility of clean energy technologies and reduced the global cost of using green technologies.
After years of development, my country is at the global leading level in many new energy technologies and equipment manufacturing fields, and has built the world's largest clean power supply system. my country's new energy vehicles, lithium batteries and photovoltaic products have injected new hope into the world's energy green transformation. According to data from the National Energy Administration, in 2022, my country's renewable energy power generation will be equivalent to domestic carbon emission reductions of approximately 2.26 billion tons, and the export of wind power and photovoltaic products will be equivalent to foreign carbon emission reductions of approximately 573 million tons, with a total emission reduction exceeding 2.8 billion tons, accounting for 41% of the global renewable energy conversion carbon emission reductions in the same period, making a significant contribution to global carbon reduction. From 2013 to 2023, my country's wind power generation installed capacity increased nearly five times, and photovoltaic power generation installed capacity increased by more than 30 times. In 2023, my country's new energy vehicle production and sales will be approximately 9.5 million units, ranking first in the world for nine consecutive years and becoming an important force leading the green transformation of the global automobile industry. Behind the green transformation of energy is huge transformation investment. Bloomberg New Energy Finance data shows that my country's energy transformation investment will reach US$546 billion in 2022, accounting for 49.6% of the global total, highlighting my country's core role in global energy transformation.
The joint construction of the "Belt and Road" originated from China, and the achievements and opportunities belong to the world. Over the past 10 years, my country has complied with the trend of green and low-carbon development, advocated respecting nature, complying with nature, and protecting nature. It is committed to carrying out practical cooperation with co-construction countries in green development, giving full play to its advantages in renewable energy, new energy vehicles, energy conservation and environmental protection, and using Chinese technology, products, experience, etc. to promote the vigorous development of green "Belt and Road" cooperation. Overseas clean energy investment by Chinese companies covers wind power, photovoltaic power generation, hydropower and other fields, helping the co-construction country achieve carbon reduction goals, creating new industries and jobs, and promoting common development and prosperity. For example, a photovoltaic power station project built by a Chinese company in Saudi Arabia will reduce carbon dioxide emissions by 245 million tons within 35 years after its completion, equivalent to planting 545 million trees; in 2023, China will export 1.203 million new energy vehicles, covering Europe, Asia, Oceania, More than 180 countries in the Americas, Africa and other regions continue to provide diversified choices for global consumers.
China's plan to promote the development of new energy in the world. my country's new energy security strategy aims to achieve energy security under open conditions through revolutionary methods of energy production and consumption, enhance the stability and security of the energy supply chain, enhance strategic reserve capabilities, and strengthen the smooth operation of the energy system and the safety risk management and control system. Provide "Chinese experience" for world energy security.
Promoting green energy transformation is the key to promoting the comprehensive green transformation of my country's economic and social development at the source. my country is committed to controlling fossil energy consumption, accelerating the implementation of non-fossil energy substitution actions, and actively promoting the transformation of the energy system from high-carbon to low-carbon and carbon-free. Vigorously develop wind energy, solar energy, etc., and build a new power system with new energy as the main body. my country's energy green transformation practice not only serves its own carbon peak and carbon neutrality goals, but also provides a "China demonstration" for global energy green and low-carbon development.
my country attaches great importance to energy science and technology innovation and regards it as a key driving force for energy transformation. By implementing the innovation-driven development strategy, we will accelerate the integration of energy technology with modern information technology, new material technology, etc., promote independent research and development and industrial upgrading of energy technology, and explore new energy production and consumption models, such as "Internet +" smart energy. At the same time, enterprises are encouraged to become the main body of technological innovation, promote the deep integration of industry, academia and research, and contribute "Chinese wisdom" to the progress of new energy technologies in the world.
In the future, my country will further strengthen international cooperation with other countries in new energy technology exchanges, project cooperation, and financial support. Through platforms such as the "Belt and Road" construction, share successful experiences in new energy development, energy conservation and emission reduction, and green finance to promote sustainable global energy development. Actively participate in international climate negotiations, advocate the principle of common but differentiated responsibilities, promote the construction of a community with a shared future for mankind, and jointly protect the earth's homeland, demonstrating "China's responsibility."
