Is China accelerating green and low-carbon energy transformation in 2023?

China has been accelerating the pace of green and low-carbon energy transformation in 2023, with installed capacity for wind and solar exceeding one billion kilowatts, playing a more than ever important role in newly installed power capacity in the country, said the administration.

Why is China introducing Green Power Certificates?

Additionally, China has outlined and clarified regulations for green power certificates, which will bring additional income for solar and wind energy developers, and further accelerate its renewable energy development, the IEA said.

What will China do to promote green energy?

To that end, China will focus on building major wind power and photovoltaic power stations in desert areas, integrate new energy exploitation and utilization with rural revitalization, promote new energy application in industry and construction sectors, and guide the whole society to consume green energy.

Is wind power a 'green' energy option in China?

According to Qin Haiyan, secretary-general of the Chinese Wind Energy Association, clean energy, including wind power, is being preferred in China, not only because it is "green", but also because it is cheaper compared with traditional fossil fuels, including coal.

Can photovoltaics replace fossil fuels?

To achieve this goal, photovoltaics has become an essential substitute for fossil fuels. According to China Photovoltaic Industry Association, the country added 55 gigawatt of power in 2021, up 14% year on year, accounting for 33% of the global capacity. What's more, 58% of the world's PV modules (solar panels) came from China.

Is distributed generation a new spot in photovoltaic development?

Distributed generation has been a new spot in the sector's development, the NEA said. The installed capacity of distributed photovoltaic power grew to 107.5 million kilowatts, or one-third of the total, while in newly added power generation its proportion hit 55 percent last year.