Africa Off-Grid Solar Solutions Rural Electrification Market Sees Surge in Investment and Innovation in 2025
China Attains 5.2 Percent Economic GDP Growth With Clean Energy Transition
By Shubhendra Anand , 10 May, 2024
The clean energy transition is growing daily due to consumer awareness of the importance of sustainability. Different countries around the world are investing in renewable energy growth in 2024. China is the leading country in producing renewable energy to support green energy transition by the end of 2050. China's economy is increasing with the clean energy transition in 2024.
Based on a 2024 survey, China's economic condition is gaining economically from investments in the clean energy transition. The country is receiving better economic growth from the investments made in the green energy transition sector compared to other industries in 2024. The surveys reveal that China's economic growth due to clean energy investments is mainly from three industries. These three industries in China that are in charge of clean energy transition are electric vehicles, solar power, and batteries. China focused on the development of solar and wind energy throughout 2023. Therefore, the nation set a landmark as the leading country in producing solar power. According to data from the survey in China, the nation invested USD 890 billion in 2023 for clean energy transition. This investment equals the global investment in the fossil fuels supply in 2023.It is to be noted that the Chinese renewable energy sector is growing faster than developed countries in the West in 2024. Progress in the energy sector in China is being made by investing time and effort in implementing renewable energy sources in the commercial sectors. It is necessary to incorporate renewable practices to improve the rate of decarbonization faster. However, China received a hike of 5.2 percent GDP (Gross Domestic Product) due to clean energy transitions. Experts cite that China might have missed this percent growth without incorporating a clean energy transition. The main motto behind clean energy transition is to attain sustainability and reduce harmful environmental emissions. Emissions from different sources are the main factor leading to the degradation of the environment. Hence, the changing dynamics of the world’s energy transition are hopeful in replacing fossil fuels with renewable energy.
china's Clean Energy Transition Drives GDP Growth
Latest News
Africa Off-Grid Solar Solutions Rural Electrification Market Sees Surge in Investment and Innovation in 2025
In 2025, Africa is witnessing significant transformation in the off-grid solar drive rural electrification. With a fast-growing population, and steady expansion of commercial sectors, the demand for clean and affordable energy solutions has been…
Policy Shifts and Economic Impact on India MedTech Market in 2025
The India MedTech market in 2025 is set for profound shifts owing to new regulations as well as the increased focus on domestic manufacturing. With the post-pandemic healthcare needs soaring, the government's policy spending in 2025 aims to turn…
Health Trends and Innovations are Set to Drive the Indian Fermented Drinks Market in 2025
The market for fermented beverages in urban areas of India is expected to grow tremendously by the end of 2025. This increase is attributed to the growing interest in health and wellness, shifting towards more functional drinks, and fermented…
Policy Pulse New Tax Credit Boosts US Wind Energy Projects in 2025
In 2025, the United States (U.S.) Energy and Power (EnP) market is seeing renewed momentum as a new federal tax credit for wind energy projects takes effect under the Inflation Reduction Act (IRA) expansion. The revised Production Tax Credit (PTC)…
Inside 2025’s Clean Label Surge: Gen Z’s Impact on Product Transparency
The year 2025 in the clean label market is undergoing a major shift spurred by ever-increasing Gen Z clean-label product demand. This generation is known for focusing on health, sustainability, and transparency of the ingredients, and it is a…
Shubhendra Anand
Head Research
Latest News
Policy Shifts and Economic Impact on India MedTech Market in 2025
Health Trends and Innovations are Set to Drive the Indian Fermented Drinks Market in 2025
Policy Pulse New Tax Credit Boosts US Wind Energy Projects in 2025
Inside 2025’s Clean Label Surge: Gen Z’s Impact on Product Transparency
