'China has become a global leader in the clean energy transition.
On Electric Vehicles
Mobility has long been an issue for China, which has moved from bicycles, ubiquitous until the 1990s, to the mass automobile. The images of the 2008 Beijing Olympics are unforgettable: A blanket of smog buried the city. The government has in recent years given a strong boost to electric mobility: At the Climate Summit it announced plans to make EVs “mainstream,” that is, prevalent in sales. It helps that it has ready access to rare earth minerals that are essential for building batteries. And for that matter, the country hosts giant automotive companies like BYD and Catl, which supplies batteries to some 50 global brands including Tesla and Volkswagen.
China has reshaped the market for green technologies.
To skeptics expecting broader measures and the mantle of true global leadership from China, well, that's not a particularly coveted title these days—especially if the US continues to reverse course on climate science. As senior advisor Bernice Lee of the think tank Chatham House notes, China invested $625 billion in the clean energy transition last year alone; that's nearly a third of the gobal total.
Not only that: Research and massive adoption of renewable technologies have led to the dramatic drop in prices, and China's very large domestic market is a formidable driver in this regard. "The rise of Chinese renewables is reshaping the global economy and replacing coal in the domestic market," Lee says.
The hope is that other countries, reassured by that commitment, will follow China's example rather than America's.'