China has established the world's largest and most developed new-energy industry chain, an official from China's top economic planner said at an event on Thursday.
Zhao Chenxin, vice chairman of the National Development and Reform Commission, made the remarks at an event on Thursday commemorating the National Ecology Day.
China has been the top producer of solar photovoltaic modules for 16 consecutive years, providing 70 percent of the world's photovoltaic modules and 60 percent of global wind turbines, Zhao said.
In the first half of 2024, China's new-energy vehicle market penetration rate reached 35.2 percent, ranking first among the world's major economies, according to Zhao.
China has been one of the world's fastest countries in reducing energy intensity. In the first three years of the 14th Five-Year Plan period (2021-25), national energy intensity, excluding the energy used for raw materials and the consumption of non-fossil energy, fell by about 7.3 percent, said Zhao.
He noted that China now has the largest installed capacity of renewable energy in the world and the fastest development pace.
The Communist Party of China Central Committee and the State Council on August 11 unveiled a set of guidelines designed to ramp up a green transition in all areas of economic and social development, calling on the country to achieve "remarkable results" in the green transition and the establishment of a green, low-carbon, and circular development economic system by 2035.
By 2030, the scale of the energy conservation and environmental protection industry in the country will reach about 15 trillion yuan ($2.1 trillion). The proportion of non-fossil energy will increase to about 25 percent of total energy consumption, and the installed capacity of pumped storage hydropower will exceed 120 million kilowatts.
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