info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

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

Transition.png

Latest News

period.png
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024

Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…

Read More

Amazon.png
Amazon Enables News Technologies to Help its Business Customers

Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…

Read More

2023.png
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024

Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…

Read More

2023.png
China to Boost Oil and Gas Production from New Sources in 2024

China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas…

Read More

market.png
China Copper Export Increases in the Global Market

There will be a surge in copper demand in the energy market in 2024. The growing demand for copper contributes to different usages in the energy market. China stands out in the copper exports of 2024. The Chinese economy is booming, with an…

Read More

Author Pic
Shubhendra Anand

Head Research