Xi emphasizes the importance of new energy

In order to guarantee the country’s energy security and help create a clean and beautiful world, Xi Jinping, general secretary of the Communist Party of China Central Committee, has called for more efforts to push for the high-quality growth of the new energy sector. On Thursday, he delivered the speech while presiding over a group study session of the CPC Central Committee’s Political Bureau. Xi stated that the international community has come to the understanding that the development of clean energy and the promotion of green and low-carbon transformation are necessary to address global climate change, noting that energy security has an impact on a nation’s overall economic and social growth.

 

He stated that a number of obstacles still await China’s energy development, including intense demand pressure, supply limitations, and the difficult work of transitioning to a low-carbon and green economy. He went on, “The way out is to vigorously develop new energy to meet these challenges.” Xi emphasized that China has enormous potential for the development of new energy and is rich in resources such as solar and wind power. According to him, the country has now constructed the biggest clean power supply infrastructure in the world. Its photovoltaic, lithium battery, and new energy vehicle products are also quite competitive on the international market. China has emerged as a major force behind the global energy transition and the battle against climate change, according to Xi, thanks to its strong foundation in new energy development.

 

China’s transition to a greener, lower-carbon economy accelerated last year. According to data from the National Energy Administration, the installed capacity of renewable energy in the nation reached 1.45 billion kilowatts in 2023, making up more than half of the nation’s total installed power generation capacity and historically surpassing that of thermal power. The wind and photovoltaic sectors in China are becoming more and more globally competitive. According to NEA estimates, in 2023, China’s production of essential components—like wind turbines—accounted for more than 70% of the world market. Additionally, the country produced more than 80% of the world’s polysilicon, silicon wafers, solar cells, and modules for the photovoltaic industry.

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