Statista trend report on China's decarbonization efforts towards net zero by 2060
China is the world’s largest coal power producer and has consequently become the greatest emitter of carbon dioxide (CO2) on an annual basis. When President Xi announced in September 2020 that China was committed to reaching carbon neutrality by 2060, his decision was thus met with relief from the global community. Due to the sheer scale of the country’s energy sector, examining the government’s decarbonization goal is of immense importance for global efforts to allay climate change.
Much of China’s net-zero ambitions rest on the greater deployment of solar and wind energy sources, with additional investments and research going towards establishing alternative fuels technology. However, as the majority of energy demand is still met by coal, supporting an equitable energy transition is a considerable task.
This report provides a detailed look at China’s transitioning energy sector against the backdrop of targets set in the Paris Agreement. It includes a presentation of the status quo and outlooks for future capacity additions and assesses the diversifying greentech landscape and policy measures implemented to support decarbonization.
Status quo: China's energy sector today
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