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China 's Renewable Energy Investment Accounted for 1/3

Adnan Amin, Director-General of International Renewable Energy Agency (IRENA) commented at International Energy Reform Forum that China's renewable energy investment has accounted for one third of the world's investment, the cost of photovoltaic, wind power will continue to decline, The PV costs will drop by 60% by 2025, While the demand for steel produced by blast furnace declined. The world is witnessing the changes in the energy system. If you want to meet the challenges, energy transformation is indispensable. From the forum last year, we have noticed the change of international energy at an unprecedented pace, and a great change in many international renewable energy market. The proportion of renewable energy sources continued to grow. Last year, 62% of the world's total new generation capacity comes from renewable energy sources, and the proportion of renewable energy has accounted over 50% per year since 2011.


China's wind and hydropower installed capacity has accounted for more than half of the world, solar installed capacity accounted for one-third of the world. At the same time, renewable energy has also received more international investment with up to 330 billion US dollars.


The share of renewable energy in the global energy will double by 2030, and this will reduce annual loss of US $ 4.2 trillion. It will not only reduce air pollution, cope with climate change, but also bring 1.1% global GDP growth, and provide 24 million job opportunities in the field of renewable energy. This is particularly important in the light of the market slowdown in steel made by steel mill.


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