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NDRC Confirms China Builds the World Largest New Energy Industry Chain

Recently, during the China Corner of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), Wen Hua, deputy director of the Department of Environmental Resources of the National Development and Reform Commission of China, revealed a remarkable achievement: China has built the world's largest and most complete new energy industry chain and the world's most systematic and complete carbon emission reduction policy system. This announcement not only signifies China's important position in the global new energy sector, but also indicates that China is playing an increasingly critical role in promoting the global energy transition and combating climate change.

1.                The integrity and scale of the industrial chain

China has made remarkable achievements in the construction of the new energy industry chain. According to Deputy Director General Wenhua, China has built the world's most systematic and complete carbon emission reduction policy system, and the energy transition has achieved remarkable results. China's total installed capacity of wind and solar power generation has reached its international commitments more than six years ahead of schedule. China has ranked first in the world in terms of PV module production for 16 consecutive years, providing 70% of the world's PV modules and 60% of wind power equipment. These data not only show that China has been at the forefront of the world in the research and development and application of new energy technologies, but also reflect China's leading position and influence in the global new energy industry.

Photo: During the China Corner of the United Nations Climate Change Conference, the National Development and Reform Commission (NDRC) announced that China has built the world's largest and most complete new energy industry chain and the world's most systematic and complete carbon emission reduction policy system

Photo: During the China Corner of the United Nations Climate Change Conference, the National Development and Reform Commission (NDRC) announced that China has built the world's largest and most complete new energy industry chain and the world's most systematic and complete carbon emission reduction policy system

2.                Acceleration of the green transition

China has also made significant progress in the green transition to buildings and transport. Green construction area accounts for more than 90% of new urban buildings, and the annual output of new energy vehicles will exceed 10 million in 2024. This achievement not only reflects China's efforts to promote the development of green buildings and new energy vehicle industries, but also demonstrates China's commitment and actions in achieving the Sustainable Development Goals. In the first three years of the 14th Five-Year Plan, China's energy intensity has been reduced by about 7.3%, demonstrating China's strong determination and effective actions to improve energy efficiency and reduce carbon emissions.

3.                Improvement of resource utilization efficiency

The improvement of resource utilization efficiency is also an important aspect of China's achievements in the field of new energy. Over the past decade, China's output of major resources has increased by about 60 percent. This achievement not only helps to reduce resource waste and improve economic efficiency, but also helps to reduce environmental pollution and ecological damage. China has the world's largest installed renewable energy capacity and the fastest development rate in the world, which not only provides impetus for the transformation and upgrading of the domestic economy, but also makes important contributions to the global response to climate change and sustainable development.

4.                Technological progress and industrial scale

From the perspective of technical details, China has made remarkable progress in the research and development and application of new energy technologies. For example, China already dominates the global market in the production of photovoltaic modules and wind power equipment. In addition, China's technological progress and expansion of industrial scale in the field of new energy vehicles also provide a solid foundation for its leading position in the global new energy vehicle market.

5.                International cooperation and market influence

China's achievements in the field of new energy are also reflected in its international cooperation and market influence. Relying on multilateral platforms such as BRICS, APEC and G20, China has actively worked with other countries to address the challenges of climate change and economic development. In particular, at the 2023 BRICS Leaders' Summit, the "BRICS Sustainable Industry Exchange and Cooperation Mechanism" initiated by China has received widespread support and positive responses. China is playing an increasingly important role in international cooperation in the new energy industry, providing Chinese wisdom and solutions for global sustainable development.

6.                The perspective of authoritative media

Publishing such achievements in authoritative semiconductor industry media will not only raise public awareness of China's achievements in the field of new energy, but also promote international understanding and recognition of China's efforts in promoting the global energy transition and addressing climate change. Through such reports, China's leading position in the global new energy industry can be further strengthened, and at the same time, other countries and enterprises can be encouraged to increase investment and innovation in the field of new energy, and jointly promote global energy transition and sustainable development.

7.                Conclusion

China has made remarkable achievements in the construction of the new energy industry chain, which not only reflects China's efforts in promoting the development of green buildings and new energy vehicle industries, but also shows China's commitment and actions in achieving the sustainable development goals. China has made remarkable progress in the R&D and application of new energy technologies, making important contributions to the global response to climate change and sustainable development. Through such achievements, China's leading position and influence in the global new energy industry have been further consolidated and enhanced. In the future, with the continuous progress of technology and the continuous optimization of policies, China is expected to play a more important role in the global new energy industry and make greater contributions to global sustainable development.

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