Carbon Neutrality Conference 2023: Revolutionising Energy Efficiency and Green Energy Procurement
As part of its 30/60 carbon neutrality goals, China set a goal for renewable energy to exceed fossil fuel capacity by 2025, a target that has already been reached two years ahead of schedule. Renewable energy sources, as China defines them, now make up over half of the country’s power capacity. However, China’s energy consumption mix remains heavily reliant on fossil fuels, with China’s coal usage exceeding the rest of the world combined in 2022. With climate change-induced power shortages and extreme weather conditions becoming more frequent, the path towards carbon neutrality will be crucial for China to maintain its competitiveness as a global manufacturing powerhouse.