Abstract: In 2020, President Xi Jinping set forth the dual carbon goals, driving the rapid rise of China’s low-carbon and green industries. China has since become the world’s largest producer and consumer of renewable energy. Green innovation has spurred substantial green investments, becoming a key driving force for investment, innovation, and economic growth both in the current phase and for the foreseeable future.
This year, global elections could introduce uncertainty and disruptions to the worldwide efforts against climate change. China should actively respond to the targets proposed at COP28 by enhancing the growth targets of renewable energy and accelerating the pace at which new technologies and industries replace traditional ones. In the face of challenges in the development of new energy, it is essential to implement the guidelines set out in the Third Plenary Session, further regulate market competition, improve total factor productivity, so as to create a policy framework and institutional environment conducive to the development of both domestic and international new energy industries.
