Tech Talk: Foreign enterprises eye China's climate market potential

China

International energy companies are showing great interest in China's "enormous opportunity" as the nation makes significant progress in meeting its dual carbon objectives outlined in 2020. According to Statista, China currently leads the world in renewable energy installations, boasting a capacity of approximately 1,161 gigawatts in 2022. CEO of MAN Energy Solutions, Uwe Lauber, stated in an interview with CGTN, "The shift towards decarbonization presents significant potential for us." The company is now exploring the fresh possibilities brought about by Chinese firms in the conventional energy industry as they strive to achieve zero carbon emissions through the implementation of eco-friendly technology.

China - Figure 1
Photo news.cgtn.com
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