BEIJING, Oct 2 — China’s investments in its power sector may exceed 100 trillion yuan (RM64.5 trillion) from 2020 to 2060, the official Xinhua news agency reported today,...
Workers inspect solar panels at the fishing-solar complementary photovoltaic power generation base in Taizhou, eastern Jiangsu province July 12, 2023. — AFP picBEIJING, Oct 2 — China’s investments in its power sector may exceed 100 trillion yuan from 2020 to 2060, the official Xinhua news agency reported today, citing utility behemoth State Grid Corp of China.
Xi also pledged, in 2020, to bring China’s carbon emissions to a peak by 2030. The world’s second-largest economy accounts for about 30 per cent of the world’s CO2 emissions. In 2022, major power firms in China invested a total of 1.25 trillion yuan, the official China News Services reported in August, citing the China Electric Power Construction Enterprise Association.China aims to source about 33 per cent of power from renewable sources by 2025, up from 28.8 per cent in 2020, its state planning agency said last year.
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