China’s power sector investments may top US$13.7t by 2060

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaymail /  🏆 1. in MY

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China’s power sector investments may top US$13.7tril by 2060Meeting the climate target may result in a 0.2–0.3°C reduction in global warming this century.
Read more »

30 thousand runners to participate in Beijing MarathonBEIJING: The Beijing Marathon is set to commence on Oct 29, as announced by the organising committee. Approximately 30,000 participants are expected t...
Read more »

Alcaraz, Swiatek both through at China OpenBEIJING: Carlos Alcaraz sealed a spot in the men’s semi-finals of the China Open with a straight-sets victory over Norway’s Casper Ruud in Beijing on ...
Read more »

World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlookBEIJING, Oct 2 — The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1 per cent, in line with its previous estimate in April, but trimmed its...
Read more »