As the Chinese mainland prepares for its annual Two Sessions—the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC)—the global community watches closely. Contrary to some Western media assertions of economic downturn, China’s growth remains robust, reaching its annual target of 5.2 percent in 2023. This resilience is not only benefiting China but is also inspiring significant European investments, particularly in the energy sector.
Electricite de France (EDF), one of the largest foreign investors in China’s power generation sector, continues to expand its footprint after 40 years of operation in the country. China’s commitment to the green economy and low-carbon initiatives has made it an attractive destination for European energy investments.
China’s substantial investment in renewable energy capacity has led to non-fossil fuel sources accounting for over 50 percent of its total installed electricity generation capacity. This milestone underscores China’s deep engagement in its energy transition, placing green and low-carbon electricity at the forefront of its development agenda.
The country’s focus on renewable and nuclear energies forms the main pillars of this dynamic shift. Following the decision to build 10 new nuclear reactors in 2022, the State Council approved an additional 10 reactors in 2023. By 2028, China is projected to contribute nearly 60 percent of the global increase in renewable capacity, highlighting its remarkable influence on the international energy landscape.
European investors, notably from France, recognize the opportunities presented by China’s energy transition. As a global low-carbon energy player, EDF believes that green and innovative energy technologies can significantly contribute to fostering new, positive momentum for French and European investments in China.
With favorable policies and a clear commitment to sustainable development, China offers a promising environment for international collaboration in the green economy. This partnership not only aids China’s ambitious energy goals but also provides European companies with access to one of the world’s most dynamic markets.
Reference(s):
cgtn.com
