Technological Trends And Market Prospects in The Wire And Cable Industry

Dec-16,2023 View:3 Leave a message

Commitment: At the COP28, over 100 countries agreed to double the global renewable energy capacity by 2030. China vows to continue its sustainable development and contribute to global climate change efforts.

China's Renewable Energy Leadership: China has rapidly increased its renewable energy capacity, with solar installations reaching 228 GW by May 2023, surpassing the rest of the world combined. By October 2023, renewable energy installations accounted for nearly 50% of China's total, with predictions of exceeding the US and Europe combined.

Affordable Renewable Technology: Chinese companies are driving down costs for solar photovoltaic and onshore wind power, making renewable energy more accessible, especially for developing countries.

Building a Low-Carbon Community: China's development of renewable energy projects along the Belt and Road Initiative is accelerating energy transformation and contributing to the UN's goal of sustainable energy for all.