The center of the clean energy transition is now in China – and that reality is shaping pricing, trade and investment strategies worldwide.China has turned climate ambition into industrial strategy. It leads almost every segment of the clean-energy economy, from solar and wind to batteries, electric vehicles and grid technology. Its decisions now influence global cost structures, supply chains and market expectations.
By the end of 2024, China had already surpassed its 2030 target for installed wind and solar capacity, reaching about 1,400 gigawatts, according to the National Energy Administration. This year, renewable capacity has overtaken fossil fuel power for the first time.
The International Energy Agency projects that China will account for nearly 60% of all new global renewable power capacity installed through 2030.
