British media: China leads the green energy boom, and the proportion of related new projects will reach 60% in the next six years

Zhongxin. ComOn October 10, the British "Guardian" published an article on the 9th titled "China will lead the green energy boom, with new projects accounting for 60% in the next six years." It pointed out that data from the International Energy Agency shows that from now to 2030, China is expected to account for approximately 60% of the world's new installed renewable energy capacity.

The International Energy Agency's Renewable Energy Report found that in the next six years, led by clean energy projects in China and India, the rate of launching renewable energy projects will triple that of the past six years. The world's new installed renewable energy capacity will exceed the 2030 targets set by various governments, roughly equivalent to the combined power systems of China, the European Union, India and the United States.

Fatih Birol, executive director of the International Energy Agency, said,"If you can summarize this trend in two words, it is: China, photovoltaic." By 2030, China will have more than half of the world's renewable energy. Data from the International Energy Agency shows that by 2030, the growth of photovoltaic power generation will account for 80% of the world's new renewable energy. Photovoltaic power generation is expected to accelerate due to reduced costs and policy support, which will allow households and businesses to invest in photovoltaic panels to reduce electricity bills.

The article pointed out that wind power has also shown signs of recovery, after sharp increases in interest rates and supply chain costs have hindered the development of the industry, especially capital-intensive offshore wind farms. The International Energy Agency predicts that between 2024 and 2030, global wind power generation will double compared with the previous six years.

Birol also said,"The development of renewable energy exceeds the goals set by governments. This is mainly not just about reducing carbon emissions or improving energy security, but more because renewable energy now provides countries with the cheapest option to build new power plants." The report also found that the green energy boom means that renewable energy is expected to grow 2.7 times in 2030, exceeding the target set by governments by nearly 25%.

The article mentioned that in 2023, at the United Nations Climate Conference in Dubai, about 120 world leaders promised to triple the world's renewable energy capacity by 2030 and boldly attempted to reduce global fossil fuel consumption.

Birol said it was "entirely possible" to achieve this goal, adding that there were three steps governments around the world could take to speed up the putting of renewable energy into operation.

The article emphasized that the International Energy Agency urges international financial institutions to increase their efforts to support emerging and developing economies in vigorously developing renewable energy.