In order to achieve carbon neutrality by 2060, China needs to adopt a rapid decarbonization strategy including a massive expansion of renewable energy (RE). According to projections by the International Energy Agency (IEA), China’s RE share of total power generation can reach 80% by 2060, if sufficient measures are implemented. To turn this projection into reality, China’s government is pushing decarbonization efforts, ranging from expansion of installed RE capacity to promotion of corporate-level green energy purchasing.
