China is solidifying its leading position in the renewable energy sector, as indicated by a recent report from the International Energy Agency. The report reveals that China is projected to contribute nearly 55 percent of the worldwide increase in renewable power capacity in 2023 and 2024.
The report predicts a continued upward trajectory in renewable electricity capacity, reaching 4,500 GW worldwide by 2024. This capacity would be equivalent to the combined power output of China and the U.S.