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Monthly Journal: Traders' Insights Wanted!
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China is on track to reach its clean energy targets this month… six years ahead of schedule

China, the world's largest pollution emitter, is going green with clean energy alternatives and doing so quickly. Recent energy reports detail the nation's commitment to implementing solar and wind power, so much so that it is expected to achieve its 2030 clean energy targets by the end of the month.
As we've previously reported, renewable energy saw record growth in 2023 and continues to trend upward. China, the most populous nation in the world and, as a result, its largest CO2 polluter, has taken encouraging steps to go green, especially as its infrastructure relies more heavily on energy with its steadfast transition to BEVs and charging.
According to a Global Wind Report 2024 released by the Global Wind Energy Council this past April, China set a new record with 75 GW of new installations commissioned, contributing to nearly 65% of the global total.
Just last month, China installed a massive 18 MW offshore wind turbine, the world's largest by power rating, further contributing to its clean energy transition.
In addition to wind power, China has fully embraced solar as an alternative source of clean energy. In Jun, it activated a 3.5-gigawatt, 33,000-acre solar farm outside Urumqi, Xinjiang's capital – the largest of its kind in the world. Not to be outdone, China announced plans for a behemoth 8 MW solar farm in the works as part of an USD11 billion integrated energy project led by state-owned power company China Three Gorges Renewables Group.
Those efforts are paying off, as recent energy reports show that China is literally years ahead of schedule in reaching its decade-end clean energy targets.
China is serious about the environment and meeting its climate goals, unlike a major economy.
Take note, everyone.
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