Xie Zhenhua, China's special envoy for climate change, has expressed China's backing for the G20 countries' initiative to triple global renewable energy capacity by 2030. Speaking during a press conference at COP28 in Dubai, Xie emphasized the critical need for a collaborative approach that takes into account the varying conditions of different nations.
COP28, currently underway in Dubai, opened on November 30 and is scheduled to conclude this Tuesday. Xie highlighted the pivotal role played by the 2015 Paris Agreement in charting a course toward a global green, low-carbon transition, underscoring the centrality of energy transition in this endeavor.
While advocating for the global target to replace fossil energy with clean and efficient renewables as a means to address the climate crisis, Xie acknowledged the challenges associated with the transition, emphasizing the diverse national conditions that countries face. He stressed the importance of managing relationships between energy, food security, and climate actions to ensure a smooth transition without compromising economic security.
During discussions with a minister from a petroleum-exporting country, Xie shared insights into the economic difficulties faced by nations heavily reliant on oil and natural gas revenues. He called for mutual understanding and support among countries, emphasizing that collaboration is the most effective way forward.
As COP28 participants debate a potential agreement to phase out fossil fuels, Xie noted the disagreements among parties. However, he expressed confidence in ongoing communications with different parties to find a solution that is acceptable to all and addresses pertinent issues.
Reiterating China's commitment to advancing renewable energy, Xie highlighted the nation's significant contributions, resulting in an 80% decrease in the global cost of wind power generation and a 90% reduction in the cost of photovoltaic solar energy. He pointed out that China's installed capacity for renewable energy has surpassed that of coal-fired power, marking a substantial shift in the country's energy structure.
According to China's National Energy Administration, the country's renewable energy capacity exceeded 1.3 billion kilowatts by the end of June, surpassing coal-fired power for the first time. Xie concluded by stating that China will persist in efforts to bolster the development and consumption of renewable energy, aiming for a gradual replacement of fossil fuels.
