More green partnerships needed in initiative
Zou Ji, CEO and president of Energy Foundation China, said while China has made significant achievements in supporting the construction of renewable projects in countries participating in the BRI in the past decade, there still lies enormous potential for green development in the next decade.
While countries participating in the BRI face strong economic development needs, they may also encounter various challenges in renewable energy development and deployment, said Zou.
The forum on green development, jointly held by the Ministry of Ecology and Environment and the National Development and Reform Commission, attracted more than 400 guests from more than 40 countries.
An analyst said Chinese companies have been accelerating their pace in implementing more green and low-carbon projects abroad, cementing their leading position on the global stage.
From a wind power project in South Africa to a solar power project in Malaysia, a series of clean energy and green development projects have been successfully implemented by Chinese enterprises across the globe in recent years, said Luo Zuoxian, head of intelligence and research at the Sinopec Economics and Development Research Institute.
The projects have consolidated a foundation of green energy cooperation while responding to global challenges by aligning with international environmental conventions such as the United Nations 2030 Agenda for Sustainable Development and the UN Convention on Biological Diversity, he said.
State Power Investment Corporation said on Wednesday that the company owns 9 gigawatts of overseas installed capacity, with clean energy accounting for 65 percent. All of its 2.78 gigawatts of capacity under construction abroad are clean energy projects.
The company signed several cooperation agreements on wind power projects and green hydrogen projects with partners in Kazakhstan and Uzbekistan on Tuesday, expanding its global portfolio, which spans 47 countries and regions.
