China’s Commitment to Global Transition
China, represented by Xie Zhenhua, the country’s special envoy for climate change, affirmed its support for the G20 goal to triple global renewable energy capacity by 2030. This announcement was made during a news conference at COP28 in Dubai.
Global Green Transition Challenges
While advocating for renewable energy, Xie emphasized the complexity of global energy transition, acknowledging varying national conditions, energy structures, and available resources. The transition must navigate the delicate balance between energy, food security, and climate actions, making it a challenging process.
Mutual Understanding and Cooperation
Xie underscored the need for mutual understanding and cooperation among nations facing distinct challenges. He shared insights from discussions with a petroleum-exporting country minister, highlighting the difficulty of phasing out oil and gas, crucial to their fiscal revenue.
China’s Leadership in Renewable Energy
China, a key player in the renewable energy landscape, has significantly reduced global costs for wind and solar energy. Xie noted an 80% reduction in wind power costs and a 90% decline in photovoltaic solar energy costs worldwide, crediting China’s contributions.
Furthermore, China’s National Energy Administration reported that the country’s renewable energy capacity surpassed coal-fired power by the end of June, exceeding 1.3 billion kilowatts. “China will continue efforts to boost renewable energy development, gradually replacing fossil fuels,” Xie reiterated, showcasing China’s commitment to a sustainable future.
As COP28 parties discuss a potential fossil fuel phase-out agreement, Xie expressed confidence in finding a solution acceptable to all parties through ongoing communication and collaboration.
Source: chinadaily.com.cn
