A new report by the International Renewable Energy Agency (IRENA) shows that global renewable energy capacity reached a record high in 2024, with China contributing 60% of the total increase in renewable power generation.
Source: Economic Daily
A new report by the International Renewable Energy Agency (IRENA) shows that global renewable energy capacity reached a record high in 2024, with China contributing 60% of the total increase in renewable power generation. However, the report also warned that global capacity still falls well short of targets set at COP28, underscoring the pivotal role of China’s booming green industries in advancing the global energy transition.
Global demand for green capacity continues to grow rapidly. On one hand, renewable energy’s low-carbon profile has made it a key solution for countries aiming to meet carbon neutrality goals. Solar, wind, and hydropower are expanding swiftly across regions, increasingly becoming the primary sources for meeting new electricity demand. In 2024, 80% of the global increase in electricity generation came from renewable and nuclear sources, with their combined share exceeding 40% for the first time.
To meet the climate targets set for 2030, global renewable capacity must grow by 16.6% annually. Much of this growth is expected to come from developing economies, where the demand for clean energy technologies is especially strong.
Technological advances are also fueling the expansion of green industries. Breakthroughs in smart grids, distributed energy, and carbon capture and storage have opened new avenues for energy system optimization. Meanwhile, innovative green products such as electric vehicles and solar PV panels are gaining popularity worldwide for their energy-saving and emissions-reducing benefits.
Climate change is a global challenge—and as long as there is room for further carbon reductions, green capacity remains in short supply, not surplus. Against this backdrop, China’s high-quality green manufacturing capacity is increasingly seen as a vital force driving the global energy transition forward.
Reproduced article do not represent the position of New Energy Era.