IRENA Presents China 13-point Lay Out to Achieve Carbon Neutrality Through RE

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Intergovernmental organization International Renewable Energy Agency (IRENA) has shared with China a 13-point plan to help achieve the climate change commitments. As part of its strategic partnership, the report laid out the route and speed to China aiming for its carbon emissions to peak before 2030 and achieve carbon neutrality by 2060.

“China is the world’s largest market for renewables and its energy transition has profound global implications. IRENA’s new report on the country outlines the challenges and underscores the importance of keeping the transition on course both nationally and globally,” said Dolf Gielen, Director of IRENA’s Innovation and Technology Centre in Bonn, Germany.

Significance of the report lies in China’s breakneck economic development requiring a delicate balance with regards to emission reductions because the policy regulations present significant challenges to its energy transition. IRENA’s tailored recommendations may not matter unless the law of the land puts in place a decarbonised energy system powered by renewables that can sustain till 2060.

In order to usher China’s new energy system, substantial analysis and concerted effort is required over the next four decades. Based on IRENA’s studies, the report shares insights from global experiences concerning China’s energy transition. It identifies priority actions along with 13 concrete recommendations including maintaining energy efficient improvements, reforming power networks, and increasing the electrification in end-use sectors, among others.

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There is more for China to draw from the report than appears. Both Chinese institutions and IRENA will need to sit closer for longer than usual and collaborate as one to bring in a wind of change. Whatever China does today or sets out to achieve tomorrow in the field of green energy transition is bound to bear on the rest of the world later. As is already known to the world about China’s exponential growth in EV adoption, the IRENA report and its follow ups are not any less relevant. The EV market is evolving faster than expected in the country with 31 per cent market share as of May 2022. The metals and minerals needed to manufacture a battery are mostly controlled by the dynamics of the Chinese market and this trend will continue for a foreseeable future.

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