Friday, July 4, 2025

China secures global GreenTech Dominance

 According to the IEA, China continues to invest more than twice as much in cleantech annually as either the US or the EU. From 1995 to 2020, China’s total R&D outlay grew from US$18bn to US$620bn – a 3,299% increase compared to America’s 227%.

Chinese electric vehicle imports to Europe cost 32% less than European EVs in 2023. According to the International Energy Agency’s (IEA) Clean Energy Equipment Price Index, Chinese solar panel and wind turbine prices are down 60% and 50% respectively since 2022.

Chinese technology and industrial infrastructure are cheaper and better in nearly every sector of Greentech and are therefore being adopted in much of the world. As summarized in a report by the Australian think tank Climate Energy Finance:

Wind: China now dominates the global wind industry, in onshore and offshore deployments, manufacturing supply chains, and technology development.

Solar: China totally dominates 80-90% of the technology development and manufacturing supply chains for the global solar industry.

 https://znetwork.org/znetarticle/how-to-make-the-fossil-fuel-powers-stranded-assets/

Grid: China has pioneered ultra-high voltage direct current grid transmission projects of well over 1,000km length.

Hydro: China has quadrupled its domestic installed hydro capacity to lead the world at 420GW, four times the second-place US, and now constructs the majority of hydroelectricity dams globally.

Batteries: China totally dominates the entire global battery supply chain. China’s dominance is set to grow massively into 2025 with planned manufacturing plants in Hungary, Morocco, Indonesia, Thailand, Vietnam, Malaysia, the US, Spain, Portugal, the UK, Finland, Sweden, Germany, France, Turkey, and Oman.

New Energy Vehicles: China has become the world’s largest market for new energy vehicles (NEVs), with a 60% global share, and in 2023 became the world’s largest exporter of cars.

Green hydrogen: China dominates electrolyzer [a technology essential for producing low-emissions hydrogen] deployments in 2023, accounting for a 75% global share in 2023.

 

 

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