A naukri.com initiative
Carbonbrief
2M
396
Image Credit: Carbonbrief
Analysis: Clean energy contributed a record 10% of China’s GDP in 2024
- Clean-energy technologies contributed over 10% of China’s GDP in 2024, driven by sectors such as solar, electric vehicles (EVs), and batteries.
- Clean-energy investments in China reached 6.8tn yuan ($940bn) in 2024, cooling from 40% growth in 2023.
- The 'new three' sectors of EVs, batteries, and solar accounted for three-quarters of the economic contribution of clean energy in China.
- Clean-energy sectors in China grew three times faster than the overall economy, playing a crucial role in GDP growth.
- China's clean-energy sectors contributed 13.6tn yuan ($1.9tn) to the economy, just over 10% of total GDP.
- Significantly, without the growth from clean technologies, China would have missed its 5% GDP growth target in 2024.
- Clean-energy investments are expected to continue growing in 2025 as major projects aim to complete before the end of the current five-year plan.
- The development of China's clean-energy sectors post-2025 depends heavily on new targets and policies in the upcoming five-year plan.
- EVs and solar were the top contributors to China's clean-energy economy in 2024, together making up 39% of the value.
- China added 277 gigawatts of new solar capacity in 2024, alongside investments in wind, hydro, and nuclear power.
Read Full Article
23 Likes
For uninterrupted reading, download the app