China’s clean energy capacity has grown rapidly

China’s renewable energy capacity will increase from January to October. / CFP

China’s renewable energy capacity will increase from January to October. / CFP

By the end of October, China’s renewable energy generation capacity had reached 1 billion kilowatts, accounting for 43.5 percent of the total installation, according to the National Energy Administration (NEA).

The 1 billion kW limit doubled in late 2015, according to the NEA.

The installed power capacity is 385 million kW, the wind turbine has increased by 30.4 percent per year to 299 million kW, while the solar power capacity has increased by 23.7 percent to 282 million kW.

China It aims to increase carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

In July, the National Carbon Market launched online marketing with the participation of 2,162 power generation companies.

A.D. On November 8, the People’s Bank of China announced that it had provided low-cost loans to financial institutions with carbon offsets.

A.D. On November 17, the country announced plans to repatriate 200 billion yuan ($ 31.32 billion) to support the clean and efficient use of coal.

According to a white paper on the country’s low carbon policy, coal fell from 72.4 percent in 2005 to 56.8 percent in 2020.

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