China has emerged as a global leader in clean energy transition, ranking 12th globally and first among emerging markets, according to a recent index released by the World Economic Forum (WEF).
In 2023, the Chinese mainland invested approximately $818 billion in new energy funds, accounting for 40 percent of the global total. This significant investment has propelled the country’s renewable energy capacity and generation, aligning with its efforts to advance a low-carbon energy structure.
The WEF report highlights that China also scored high in energy security through diversified supply, improved infrastructure, and reserves.
Espen Mehlum, head of Energy Transition Intelligence and Regional Acceleration at the WEF, emphasized China’s unique strengths in energy transition and its leadership in investments. He noted the positive impacts these developments have had on the global landscape.
China’s commitment to clean energy not only benefits its own population but also sets a precedent for other emerging economies striving for sustainable development. The nation’s advancements in renewable energy technologies can inspire global efforts to combat climate change.
