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International Energy Agency: China produces 40% of global newly added clean electricity

The International Energy Agency (IEA) recently issued its '2015 World Energy Outlook' special report on energy and climate change. IEA chief economist described expectations for the proportion of the world’s total generating capacity from renewable energy sources to increase to 33% by 2030. Officials from IEA Renewable Energy Department pointed out that 40% of the world’s newly added clean electricity will be in China.

According to a report by China Electric Power News, renewable energy currently accounts for about 22% of the world’s total generating capacity, well below the 41% of electricity generation from coal, but about half of all new generating capacity. Because average investments in non-hydro renewable energy were up 80% compared to average investment levels since 2000, by 2030 renewable energy is expected to be the main source of power generation. The proportion of the world’s total generating capacity is expected to increase to 33%, while the proportion of inefficient coal-fired plants will gradually decline.

A week after release of the report, at an international seminar on global energy internet technology, IEA renewable energy expert provided an optimistic outlook for future renewable energy development.  The next five years global renewable energy production will continue to rise, renewable energy generation capacity and its growth rate will reach 45% and electricity from renewable energy sources should account for 26% of global electricity supply. 

IEA officials pointed out that China, as an emerging economy, will see rapid growth of energy consumption, with a 30% growth in electricity. Bustling economic activities will lead to strong growth in electricity demand, and coupled with decreased consumption of fossil energy, indicating that much new energy must be provided by renewable energy sources.

Forty percent of the world’s new clean electricity comes from China.

In the past five years clean and renewable energy investments in China have exceeded the total investments of United States and Europe combined.


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