36GW! Xi Jinping Announces Wind and Solar Capacity New Target Of China

According to Xinhua News Agency, on September 24, Chinese President Xi Jinping delivered a video address at the United Nations Climate Change Summit.

Xi noted that this year marks the 10th anniversary of the Paris Agreement and a critical moment for submitting new nationally determined contributions (NDCs), as global climate governance enters a decisive stage.

First, we must stay confident. Green and low-carbon transition is the trend of the times. Although some countries are moving against the tide, the international community should remain on the right course, with unwavering confidence, sustained action, and undiminished efforts. Countries should formulate and implement their NDCs, injecting more positive energy into global climate cooperation.

Second, we must shoulder responsibilities. Equity and justice should be upheld, with full respect for the development rights of developing countries. The global green transition should help narrow, not widen, the North-South gap. All countries should adhere to the principle of common but differentiated responsibilities. Developed countries, in particular, should take the lead in cutting emissions and provide greater financial and technological support to developing countries.

Third, we must deepen cooperation. Greater international collaboration on green technologies and industries is needed to close the gap in green capacity. High-quality green products should circulate freely worldwide so that green development truly benefits people everywhere.

Xi Jinping also announced China’s new round of NDC targets:

• By 2035, China’s economy-wide net greenhouse gas emissions will fall by 7%–10% from peak levels, with an aim to do even better.
• The share of non-fossil fuels in total energy consumption will exceed 30%.
• The installed capacity of wind and solar power will be more than six times that of 2020, striving to reach 3.6 billion kilowatts.
• Forest stock volume will exceed 24 billion cubic meters.
• New energy vehicles (NEVs) will become the mainstream of new vehicle sales.
• The national carbon emissions trading market will cover all major high-emission industries.
• A climate-resilient society will be largely established.

Xi stressed that these targets represent China’s utmost efforts in line with the Paris Agreement. Achieving them will require arduous efforts from China itself, as well as a favorable and open international environment. China has the determination and confidence to honor its commitments. He called on all parties to take active steps to realize the vision of harmony between humanity and nature and to protect our shared planet.

Source：https://mp.weixin.qq.com/s/Fz5e7Ci30hqvHY8xy-3ocw