At the end of September, Chinese President Xi Jinping announced his country’s intention to peak its emissions by 2030 and be carbon neutral before 2060. To meet this goal, China will have to expand its domestic market for clean energy technologies, many of which it produces. China is also hoping to spur other countries to be more aggressive in lowering emissions—calling for a “Green Revolution”—and these countries could also be a market for Chinese technologies.
Thanks to initiatives like these, China is for now winning the global race to invent and manufacture the technologies that will allow a new low-carbon world. Europe, which has made its own commitment to become climate neutral by 2050, is not far behind.
