Success story

The rising consumption of coal, oil and natural gas globally is widely believed to have contributed to climate change, leading to increasing calls for their phased withdrawal. The country's ongoing transition has been a massive success so far. China led the global charge in solar power last year, accounting for over half of all new installations worldwide.

When it comes to wind power, China's dominance was even more pronounced, with the country responsible for 60 percent of all new global capacity. Within just three years, China more than doubled its total solar and wind power capacity.

According to a BloombergNEF report in 2022, China is currently home to 75 percent of all battery cell manufacturing capacity and 90 percent of anode and electrolyte production.

lilei@chinadaily.com.cn