Jin Guanping: China's new energy development benefits the world

Recently, some politicians and media in the United States have made derogatory remarks about China, such as "China's overcapacity in new energy impacting the world market" and "China's overcapacity disrupting global prices and production patterns, harming the interests of American companies and workers". These bizarre arguments neither respect facts nor withstand scrutiny.

Actions speak louder than words. China's new energy foreign trade continues to expand, becoming an important force in stabilizing the global clean energy industry and supply chain. As the world's largest clean energy market and equipment manufacturing country, China continues to increase cooperation in technological innovation and deepen trade cooperation in the clean energy industry. This not only enriches global supply, but also promotes the reduction of global renewable energy costs and accelerates the process of global energy green transformation.

The development of new energy in China has helped solve energy consumption problems in many countries. At present, China has cooperated with more than 100 countries and regions in green energy projects. Clean, efficient, and high-quality green energy projects and new energy products have effectively solved the problems of difficult and expensive electricity consumption in relevant countries and regions, contributing to the elimination of energy poverty and the implementation of the United Nations global development goal of "sustainable energy for all". With the continuous development of large capacity wind turbines, high-efficiency crystalline silicon solar cells for photovoltaic power generation, and perovskite batteries, China is promoting further reduction in the cost of wind and solar power generation, creating more opportunities for developing countries to quickly deploy renewable energy.

The development of new energy in China has created significant emission reduction effects for the world. According to data from the International Energy Agency, in 2022, China's renewable energy generation will directly reduce carbon emissions by about 2.26 billion tons, and the exported wind and photovoltaic products will reduce carbon emissions by about 570 million tons compared to other countries, a total reduction of 2.84 billion tons, an increase of 2.2 times from 2012. It is estimated that China's contribution to achieving carbon reduction in global renewable energy generation is 41%, which is 2.5 times, 4.1 times, 7.0 times, and 8.6 times that of the United States, Canada, India, and Germany, respectively. The development of new energy in China leads the global energy structure adjustment and promotes the achievement of sustainable development goals, which is a remarkable achievement.

The development of new energy in China continues to lead the global energy revolution. For a long time, China has been continuously promoting innovation in new energy technologies, and many core technologies have been first introduced or put into large-scale use by Chinese enterprises. In the field of photovoltaics, China's photovoltaic power generation technology has rapidly iterated, breaking world records for battery conversion efficiency multiple times; In the field of wind power, China is at the international leading level in the research and development of large capacity units, the application of long blades and high towers, and continuously makes breakthroughs in high-power wind turbines, ultra-low wind speed wind turbines, and far-reaching offshore wind power technology; In the field of equipment manufacturing, China has built the world's largest, most complete, and competitive new energy industry chain supply chain, cultivating a group of world-class energy equipment manufacturing enterprises.

Faced with such a transcript, only malicious deniers would say that it was achieved by selling excess and outdated production capacity to the world.

Fairness and freedom in people's hearts, China's efforts are visible to the world. At the 28th United Nations Climate Change Conference, all participants highly recognized China's low-carbon energy transformation concept and achievements in clean energy development. They believed that the solutions provided by China provide important directions for global energy transformation, and provide important, practical, and feasible solutions for countries around the world, especially developing countries, to promote energy transformation, accelerate economic development, and improve the ecological environment. These solutions are of great significance for global energy transformation and climate governance.

Climate change is a common challenge faced by all humanity, and the logical starting point for the development of new energy is precisely the issue of climate. Compared to the temperature control target of 1.5 degrees Celsius in the Paris Agreement, the current green products are not surplus, but far from sufficient. The only effective way to address climate issues is through global cooperation, and trade protectionism is of no use. In the historical process of addressing climate change, only fair competition can lead to technological progress, and only division of labor and cooperation can achieve mutual benefit and win-win results. (Source of this article: Economic Daily Author: Jin Guanping)