Ahmed Mukhtar Naqshbandi
ISLAMABAD: The renewable energy industry in China continued to lead globally in 2022, National Energy Administration official Wang Dapeng said in a press conference on Monday.
He further said that China-made photovoltaic modules, gearboxes, wind turbines, and other vital components accounted for 70 percent of the global market share last year.
Wang Dapeng said that the global new energy industry’s center of gravity is moving further to China.
The Renewable Energy Industry in China
Renewable energy development in China has made optimistic contributions to global emissions reduction.
In the last year (2022), renewable energy generation in China was equivalent to a reduction of 2.26 billion tonnes of carbon dioxide emissions at the domestic level.
The exports of windpower and photovoltaic products in China assisted other countries in reducing emissions by about 573 million tonnes.