China: Emerging Global Power in Clean Energy?

China’s electricity supply is still strongly dependent on coal, but a strong domesticrenewable energy industry is driving rapid deployment of wind and solar energy. Furtherprogress will depend on the implementation of planned power sector reforms. Intransport, the continued proliferation of automobiles is driving growth in CO2 emissions.Investments in an electric vehicle industry may offer opportunities for decarbonisationin the long term. China’s initiative to promote green finance during its G20presidency is in line with its ambitions to promote overseas markets for its emergingclean energy industry.