(ECNS) — China has built the world's largest and fastest-growing renewable energy system, the China Enterprise Reform and Development Society said in a report released Saturday.
The Global Energy Transition Report (2026) said China continues to lead in renewable energy technologies, supplying 70% of the world's wind power equipment and 80% of its solar photovoltaic modules. China's technological advances and large-scale manufacturing have helped reduce the costs of wind and solar power generation globally by more than 60% and 80%, respectively.
The report noted that fossil fuel activities remain the largest source of global carbon emissions. In 2025, global energy-related carbon dioxide emissions rose 0.4% from a year earlier to 38.4 billion metric tons, the slowest growth since 2021.
China's carbon emissions fell 0.5%, while those of the United States increased 2.4%, making the United States the largest contributor to the global increase in emissions, according to the report.
Peng Huagang, president of the society, said coal-fired power accounted for 49.7% of China's total electricity generation in the first half of this year, falling below 50% for the first time. Coal-fired power is shifting from a primary source of electricity to a supporting role focused on ensuring supply security and balancing the power system, Peng said.
By the end of 2025, global installed renewable energy capacity had increased 15.5% from a year earlier to 5,149 gigawatts. Renewable energy accounted for 33.8% of global electricity generation, surpassing coal-fired power's share of 33.0% for the first time in a century.
China's total energy investment is expected to reach $940 billion in 2026, the highest globally, according to the report.
(By Zhang Dongfang)
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