China is playing a pivotal role in driving the global energy transition by fostering green innovation and deepening international cooperation, as outlined in a recently published white paper. Titled ‘Carbon Peaking and Carbon Neutrality: China’s Plans and Solutions,’ the document, released by the State Council Information Office, underscores China’s unwavering commitment to climate multilateralism and its proactive engagement in global climate governance. The white paper highlights China’s efforts to promote green development under the Belt and Road Initiative (BRI) and its advancements in international cooperation on green and low-carbon development. Aligning with the Paris Agreement, China has demonstrated exceptional ambition in its Nationally Determined Contributions (NDCs), taking substantial actions to reduce emissions and adapt to climate impacts. The paper also emphasizes China’s expanding cooperation with BRI partner countries in green infrastructure, energy, and transportation. To date, China has established energy partnerships with 34 BRI countries and collaborated with over 100 nations on green energy projects. Adhering to the principle of ‘common but differentiated responsibilities,’ China has provided financial, technological, and capacity-building support to developing countries. As of October, China has signed 55 memorandums of understanding on South-South climate cooperation with 43 developing nations and conducted over 300 capacity-building sessions. Looking ahead, China is committed to working with the international community to address global climate challenges and promote sustainable development. Lyu Wenbin, director of the Academy of Macroeconomic Research’s Energy Research Institute, emphasized China’s significant contributions to wind and solar energy development, noting that the country supplies over 80% of the world’s photovoltaic modules and approximately 70% of wind power equipment. Over the past decade, China’s efforts have significantly reduced the global levelized cost of electricity for wind and solar power. With a robust clean energy production capacity and a complete new energy industry chain, China is well-positioned to provide high-quality clean energy products and services globally, fostering a secure, stable, and clean energy industry chain.
