Beijing News Shell Finance News At the 2022 APEC Business Leaders China Forum held recently, the APEC China Business Council and the International Cooperation Center of the National Development and Reform Commission jointly released the "Sustainable China Industrial Development Action" 2022 annual report "Beyond Net Zero". Carbon” (the “Report”).
The report shows that driven by China, the global installed cost of solar photovoltaics in 2021 will drop by about 82% compared with 2010, the installed cost of onshore wind turbines and offshore wind power will drop by about 35% and 41% respectively, and the cost of power generation will also drop significantly.
Data show that from 2010 to 2020, solar photovoltaic power generation increased by nearly 25 times, and wind power generation increased by nearly 4 times.
"This is inseparable from China's technological breakthroughs in wind energy and solar photovoltaics and the construction of the industrial chain, which have played a key role in the significant reduction in the global solar and wind energy installed costs and power generation costs." The report said that in the use of hydro and wind energy In the new energy structure dominated by solar energy and solar energy, the development of hydropower generation may soon reach its peak, and the future development of wind energy and solar photovoltaic still has unlimited potential.
In 2020, my country has become the world's second largest energy R&D spender with an R&D investment of over US$8 billion, mainly focusing on low-carbon technologies related to fossil combustion and renewable energy.
In terms of research and development achievements, my country's international patents have emerged in large numbers since 2008.
As of 2020, the number of international patents my country has obtained in the field of renewable energy technology has exceeded 75%. At present, research in the field of renewable energy mainly focuses on batteries, solar photovoltaics, electric vehicles and charging. The cumulative number of patents of the three 50% of the world's total.
The zero-carbon energy transition requires huge capital investment especially in the early stage. my country proposes to achieve carbon neutrality by 2060. According to estimates, the average annual capital demand for carbon neutrality is 3 trillion to 5 trillion yuan.
However, the report said that during the "13th Five-Year Plan" period, energy investment in fixed assets has exceeded 3 trillion yuan per year, indicating that there is no serious shortage of funds, and zero-carbon funds have large market potential and scale.
The report pointed out that global development has shifted from a "high-carbon energy and low-carbon waterway" to a "zero-carbon energy waterway". The replacement of the track will not only bring about carbon neutrality, but the zero-carbon economy and social operation will also bring economic growth and employment. Increase, energy security, environmental improvement, welfare enhancement and other multi-goal win-win results, and achieve all-round sustainable development beyond "net zero carbon".
Cheng Weimiao, Beijing News Zero Carbon Research Institute