Site icon News Portal NP

China’s new guidelines demonstrate how the struggling green industry will thrive.

China’s new guidelines demonstrate how the struggling green industry will thrive.

In a bid to achieve remarkable results in the green evolution by 2030 and establish a green, low-carbon, and circular economic system by 2035, China recently released new guidelines, as reported by Xinhua. These guidelines aim to address challenges and setbacks facing the green transformation, including the world’s largest new-energy industrial chain.

An NDRC official highlighted the increasing politicization of environmental and climate issues, along with escalating green trade barriers. China’s dominance in solar panels, lithium batteries, and electric vehicles has sparked wariness and tariff actions from the US and EU, accusing China of overcapacity.

The guidelines set ambitious targets for the energy-conservation industry and bulk solid waste utilization by 2030. They emphasize the role of industry and consumers and outline plans for promoting green consumption through government procurements and consumer incentives.

Despite progress in wind and solar energy deployment, China’s heavy reliance on coal power remains a challenge, with thermal power still dominating the electricity grid. The document also calls for international cooperation in the green transition.



Source link

Exit mobile version