In the next five years, China's economic development will no longer lead to growth in carbon emissions and instead make a significant contribution to the global efforts to combat climate change, energy company executives and industry experts said.
China's installed capacity of new energy is expected to more than double in the next five years, and rise from the current 1.1 billion kilowatts to 2.4 billion kilowatts by 2030, said China Huaneng Group Chairman Wen Shugang during the World Economic Forum's 15th Annual Meeting of the New Champions, or 2024 Summer Davos, which opened here on Tuesday and will run until Thursday.
This will bring significant opportunities for the global energy technology industry, he said.
By 2030, the proportion of clean energy generation will exceed 50 percent, and the share of electricity in end-use energy consumption will reach about 34 percent. Power supply will become cleaner, safer, more efficient and smarter, driving society toward green production and lifestyles, he said.
Wen suggested strengthening cooperation in energy technology innovation, so as to build an open and innovative ecosystem, leveraging each country's strengths to deepen technological collaboration and promote cross-border technology applications for mutual benefit and win-win outcomes.
Accelerating breakthroughs in new energy, long-term energy storage, low-cost green hydrogen and ammonia, and large-scale carbon capture technologies will help promote the deep integration of energy and digital technologies, he said.
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