China's renewable energy capacity expands in first five months of 2022

Shutterstock / ArtisticPhoto

China's installed capacity of renewable energy registered double-digit growth in the first five months of the year as the country strived to reach its carbon peaking and carbon neutrality goals.

The Chinese news agency, Xinhua reported on Saturday.

In the January-May period, the capacity of wind power jumped 17.6 per cent year on year to around 340 million kilowatts, while solar farms saw capacity hit 330 million kilowatts, an increase of 24.4 per cent, according to the National Energy Administration.

By the end of May, the country's total installed power generation capacity reached about 2.42 billion kilowatts, rising 7.9 per cent from a year ago, the data showed.

China has announced that it will strive for peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

The country is forging ahead in renewable energy development to improve its energy structure.

According to an action plan released last year, it aims to increase the share of non-fossil energy consumption to around 25 per cent by 2030.

More from Business

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.