{"id":86290,"date":"2024-08-26T00:00:00","date_gmt":"2024-08-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/08\/26\/china-hits-clean-energy-target-six-years-ahead-of-schedule\/"},"modified":"2024-08-26T00:00:00","modified_gmt":"2024-08-26T00:00:00","slug":"china-hits-clean-energy-target-six-years-ahead-of-schedule","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/08\/26\/china-hits-clean-energy-target-six-years-ahead-of-schedule\/","title":{"rendered":"China hits clean energy target six years ahead of schedule"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> China surpasses clean energy target six years early:<\/strong> China has exceeded its clean energy goals with wind and solar reaching 1.2 TW in July, surpassing the target set by Chinese President Xi Jinping nearly six years ahead of schedule, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-23\/china-hits-xi-jinping-s-renewable-power-target-six-years-early\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing a <a target=\"_blank\" href=\"https:\/\/www.nea.gov.cn\/2024-08\/23\/c_1310785026.htm\" style=\"\" rel=\"noopener\">statement<\/a> from the National Energy Administration. Xi initially set the goal in December 2020, aiming for 1.2 TW by 2030. Despite the growth in clean energy, solar and wind energy only generated 14% of the country\u2019s total electricity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- China\u2019s clean energy is pushing coal power out: <\/strong>China \u2014 the world's largest builder of coal-fired power stations \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5e0041f5-b80b-4845-a6d7-3541c6df228b\" style=\"\" rel=\"noopener\">cut the number of permits<\/a> for new coal plants by nearly 80% in the first half of 2024. The reduction coincides with China\u2019s combined wind and solar capacity surpassing coal capacity for the first time, reaching 11.8 TW compared to coal's 11.7 TW. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">ALSO- China\u2019s wind power expansion helps Goldwind\u2019s profits jump:<\/strong><span style=\"background-color: transparent;\"> Top Chinese wind turbine manufacturer <\/span><a target=\"_blank\" href=\"https:\/\/www.goldwind.com\/en\/\" rel=\"noopener\">Goldwind Science &amp; Technology<\/a><span style=\"background-color: transparent;\"> reported an 11% y-o-y rise in net income in 1H 2024 to c. CNY 1.39 bn yuan (USD 195 mn) on the back of China\u2019s rapid renewables expansion, <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-23\/top-wind-turbine-maker-reports-earnings-rebound-on-china-boom?srnd=green\" rel=\"noopener\">Bloomberg<\/a><span style=\"background-color: transparent;\"> wrote, citing an <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2136.pdf\" rel=\"noopener\">earnings statement (pdf)<\/a><span style=\"background-color: transparent;\"> released on Friday. The growth in net income comes as China added 26 GW of wind power in the first half of the year, marking 12.4% y-o-y increase.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Tesla\u2019s <\/strong><strong>Berlin factory is increasing deforestation: <\/strong>Some 500k of trees were cleared for the development of Tesla\u2019s gigafactory near Berlin, satellite images showed. The factory\u2019s construction, which began in March 2020, has cleared 329 hectares of forest, yet was approved to expand production to 1 mn vehicles annually. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/article\/2024\/aug\/22\/trees-cut-down-site-tesla-gigafactory-germany-deforestation\" style=\"\" rel=\"noopener\">The Guardian<\/a>) <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s wind and solar power reached 1.2 TW in July<\/p>\n","protected":false},"author":1,"featured_media":86291,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,69,11,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-china","tag-enterpriseclimate","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"367a3267-de32-459e-aee0-257936165804","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2201.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China hits clean energy target six years ahead of schedule","related_issue":[86274],"teaser":"China\u2019s wind and solar power reached 1.2 TW in July","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.e52ef283-6ffa-4887-8335-2cd22b3bdbca.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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