London: China is committed to developing clean, low-carbon energy, Chinese Ambassador to Britain Zheng Zeguang said ahead of the 26th United Nations Conference of the Parties on Climate Change (COP26 ) in Glasgow, Scotland.
As the world’s largest producer and consumer of energy, China is leading a massive energy revolution, Zheng added in a speech via a video link at the recent “Responsible Energy Forum 2021”.
China has emerged as the world’s largest market for renewable energy, with renewable energy accounting for 29.5% of total electricity consumption, Zheng said.
China is also the largest manufacturer of renewable energy equipment, ranks first in installed capacity for hydroelectric, wind and solar power generation, and has the largest nuclear power generation projects under construction. , he noted.
At the same time, China is taking concrete steps to tackle climate change, Zheng said, adding that China has announced targets to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. , and has deployed a whole series of concrete measures to achieve these goals, Xinhua news agency reported.
China has high expectations for the upcoming COP26 in Glasgow, he said.
“We hope that all parties will work closely together, prioritize the completion of the Paris settlement negotiations, make arrangements for issues of major concern to developing countries, including finance, technology and finance. capacity building, and will lobby for the implementation of their respective stated goals., âhe added.
China hopes to promote cooperation with Britain on green development, the ambassador said.
There are enormous potentials for practical cooperation in the areas of green finance, green technologies, renewable energies, civilian use of nuclear energy, electric vehicles and carbon capture and storage. For such potential to bear fruit, however, the governments of both countries must create an enabling policy environment, he added.
âEconomic and trade issues should not be politicized. When deliberate restrictions have been placed on companies for geopolitical or ideological reasons, you are not practicing free trade, you are going against the rules of the WTO (World Trade Organization), you are not attractive. FDI (foreign direct investment), and you’re doing global green development cooperation a disservice, “he said.
“I hope that China and the UK can strengthen their practical cooperation on green development in all sectors rather than resorting to mutual restrictions,” he added.