Chinese Vice President Han Zheng on Thursday met with a delegation attending the Sustainable Markets Initiative (SMI) China Forum in Beijing.
Han said that the SMI actively encourages the international business community to participate in global green and low-carbon transition, which is of great importance.
Noting that global challenges such as climate change and biodiversity conservation require joint efforts from all humanity, Han said China has always upheld the concept of a community with a shared future for humanity, and firmly implemented the national strategy on climate change, making significant contributions to global sustainable development.
The delegation said that the business community would continue to deepen practical cooperation and make positive contributions to promoting global sustainable development.
Chinese vice president meets delegation attending SMI China Forum
A growing number of Chinese energy companies are increasing their presence in the Persian Gulf as they get deeply involved in the region's energy transition.
As a highlight of China-Gulf cooperation, green energy projects carried out by Chinese companies in Gulf states gained spotlight at the 18th World Future Energy Summit, which took place from Wednesday to Thursday in Abu Dhabi, the United Arab Emirates (UAE).
A shining example is the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. As one of the largest single-site solar parks in the world, the solar thermal plant is a key project to help Dubai achieve its carbon reduction goals and significantly increase the share of clean energy in the city's power mix.
"Upon completion in 2030, it will exceed 8,000 megawatts, and it will reduce 8.5 million tons of carbon emmissions on an annual basis. And it will raise Dubai's clean energy capacity up to 36 percent," said Ali Hayat, a senior engineer of the project.
In recent years, more and more Chinese energy product suppliers have transitioned to a new role as investors by building plants and regional offices in the Gulf region to deepen their participation in local energy transition.
"China has been absurdly in the lead in both ways -- in providing technologies that make the cost of solar panel to be affordable around the world, and also in an amazing increase of the share of renewable energy in the energy system," said Francesco La Camera, director-general of the International Renewable Energy Agency.
Chinese companies seek greater role in Gulf states' energy transition
