Exploring Pathways to the Green Transition: The China Market and Corporate Transition

2022-01-24 | Shanghai

Although fossil fuels still dominate China’s current energy mix, the reliance on coal is set to decrease through electrification for sectors such as housing, or the adoption of hydrogen for crucial sectors such as petrochemicals and steel production. China’s wind market has also been successful in recent years due to a  localised supply chain, and exceptional wind power resources available to exploit. While  market development is slow, the outlook remains to be very promising with China’s hydrogen energy industry output reaching a value of $150 bn by 2025. Whether at COP26 or in China’s 14th 5YP, one message rings clear: The renewable energy sector is key to reaching carbon neutrality ambitions. 

The European Chamber of Commerce in China (Shanghai Chapter) was delighted to invite Mr. Guozheng Zhang, Director of Investment Promotion Bureau of Qidong Economic Development Zone, Simon Lemin, Director Industry Services Division Great China, TUV SUD, and Juan Ignacio Garcia de Motiloa, Vice Chair of Energy Working Group to present the challenges and outlook on the Green Transition in China.