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China's clean energy investment in 2024 accounts for 1/3 of global share

China

China

China

China's clean energy investment in 2024 accounts for 1/3 of global share

2025-06-28 16:23 Last Updated At:18:27

China's clean energy investment totaled 625 billion U.S. dollars in 2024, accounting for one-third of the global market share, according to a report on China's energy ecology released on Saturday.

The report was unveiled at the 2025 Energy Industry Ecological Forum held in Beijing, showcasing a series of achievements in China's energy transition.

As the world's largest energy consumer and clean energy investor, China has maintained its position as the global leader in installed capacities of photovoltaic and wind power for the 10th consecutive year. This has significantly contributed to its global renewable energy share, which has risen from 18 percent in 2010 to 32 percent in 2024.

In terms of energy structure, the share of non-fossil energy consumption in China has increased from 9.4% in 2010 to 18.3% in 2024, with the proportion of coal-fired power generation capacity dropping below 40% for the first time.

In the area of industrial chain self-sufficiency, China's photovoltaic industry has achieved full domestic production on both polysilicon and modules.

The wind power industry now controls over 70 percent of the global market share in key components. In comparison, the production of new energy vehicles accounts for 60 percent of the world's total output.

In terms of technological innovation, China has reached international leadership in high-voltage direct current (HVDC) transmission, smart grids, and hydrogen storage and transportation technologies.

The installed capacity of new energy storage has increased fivefold since 2022, continuously injecting momentum into the acceleration of a new energy system.

China's clean energy investment in 2024 accounts for 1/3 of global share

China's clean energy investment in 2024 accounts for 1/3 of global share

Hong Kong ranked as the world's top IPO venue in 2025, with record-setting average daily trading volumes and fundraising levels rising sharply from a year earlier, the Hong Kong Exchanges and Clearing Limited (HKEX) announced on Monday.

As of Dec 19, HKEX IPOs raised a total of 274.6 billion Hong Kong dollars (about 35.29 billion U.S. dollars) from 106 new listings, with four companies in the world's top 10 IPOs of 2025. Companies listed on HKEX raised 66 billion U.S. dollars in follow-on offerings, highlighting the vibrancy and depth of Hong Kong's capital markets, the HKEX said.

Data show that for the cash market, average daily turnover in the first 11 months of 2025 reached 230.7 billion Hong Kong dollars, an increase of 43 percent year on year.

Global capital flowed back to Hong Kong in 2025, driven by the "DeepSeek moment," innovative technology initiatives and sweeping market reforms. Since the implementation of Chapter 18A and 18C of the Exchange's Listing Rules, 88 biotech and specialist technology companies have listed on HKEX, reflecting robust investor interest in cutting-edge sectors, the HKEX said.

Hong Kong ranks global first in 2025 IPO market financing

Hong Kong ranks global first in 2025 IPO market financing

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