Employees work on a solar panel production line at a company in Lianyungang, Jiangsu province. [Photo by SI WEI/FOR CHINA DAILY]
DAVOS, Switzerland — With more investment in the green energy sector, China can contribute significantly to global growth, said participants at the Davos meeting.
During this year’s World Economic Forum Annual Meeting, which opened on Monday, climate change was one of the main concerns for the participants, where China’s role in the world’s transition to green energy was included. .
China is one of the biggest investors in solar energy, wind power and battery storage, which are all high-growth sectors, Leslie Maasdorp, vice-president and chief financial officer of the New Development Bank, told Xinhua. in an interview with WEF.
Noting that one of the two electric cars sold worldwide is in China, Maasdorp said that China can play an important role in encouraging the low carbon growth strategy of the world economy.
“What really impresses me is that almost everyone here is talking about the transition towards new energy,” said Forest Tu, president of sales and marketing at Chinese battery producer Contemporary Amperex Technology Co Limited.
The Chinese battery maker supplies batteries for major car manufacturers around the world and aims to become a key player in the clean energy transition.
With well-developed energy-transition solutions, CATL looks forward to establishing cooperation with governments to help promote electrification, Tu said to Xinhua.
In addition to the electric vehicle industry, China’s renewable energy development is also being promoted by the WEF.
China is a major producer of renewable energy, WEF President Borge Brende told Xinhua before the opening of the annual meeting.
Renewables are not only good for the environment and climate but also create more jobs than traditional fossil fuel industries, Brende said.
“We are very proud of the steps taken by the Chinese government to promote renewable energy as a part of the energy mix as it is necessary for China to encourage continued development and economic growth,” Haitham said. Al Ghais, secretary general of the Organization of Petroleum Exporting Countries, told Xinhua.
He praised China’s “ambitious targets” set by the leadership to become carbon neutral, saying China is playing a leading role, and “we really praise China for that direction.”
