China Advances Green Energy Initiatives

China is emerging as a leader in electric vehicles, with over half of the world's EVs operating on its roads, as reported by the International Energy Agency. To further its green energy initiatives, key state-owned enterprises like Aluminum Corporation of China and Shanghai Electric are forming alliances to enhance cooperation in new energy technologies and optimize the green energy industry. The country is also focusing on decarbonizing its coal power sector by testing technologies like carbon capture and green ammonia blending, aiming for a significant reduction in carbon intensity by 2027. Shanghai Electric has developed new alkaline electrolyzer technology to reduce the costs associated with green hydrogen production, aiming to make it a feasible energy source across various sectors. Meanwhile, China Energy Investment Corp continues to expand its renewable energy capacity, which now constitutes over one-third of its total power generation, while also managing substantial coal production. This collective effort highlights China's commitment to transitioning toward a more sustainable energy future while balancing energy security.