China has long turned a blind eye to climate change, but in recent years the People's Republic has also recognized the need for an energy transition. Since the central government has been pushing ahead with the expansion of renewable energies, the country has been reporting one record after another.
By 2030, the People's Republic of China aims to peak its carbon emissions and source 20 percent of its energy from non-fossil sources. The goal is then to become carbon neutral by 2060. The expansion of renewables has therefore been booming for several years. In the battery and solar sectors, European players have been quickly squeezed out of the market, and even the U.S. can only help itself with protective tariffs in order to ...