Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves 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
Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
The Plant-Based Surge: New Meat Alternatives Hitting APAC Shelves Market 2025 is benefitting from an innovation cycle, a change in diet preferences, and sustainability needs. There is an emerging focus from start-ups, universities, and global food…
Recycled Polymers Surge in Global Packaging Demand in 2025
The global packaging industry is projected to have a sharp increase in the consumption of recycled polymers in relation to sustainability goals by 2025. This change is likely caused by regulations, business commitments to sustainability, and advances…
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
The Flexible Packaging Market’s role in reducing food waste in 2025 is becoming increasingly pivotal as governments, food producers, and packaging companies align around sustainability targets. With global food waste exceeding 1.3 billion tons…
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
In 2025, the CnM (Composites and Materials) Market is witnessing a pivotal shift as green chemistry startups accelerate the production of bio-based resins, driven by regulatory pressures and sustainability commitments across industries. The momentum…
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
In the first quarter of 2025, India experienced a remarkable decline of 12 percent in the cost of solar photovoltaic (PV) systems for the first time in history. This is a turning point for the country's renewable energy sector. The improvements in…
Shubhendra Anand
Head Research
Latest News
Recycled Polymers Surge in Global Packaging Demand in 2025
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
