As the world’s largest producer and consumer of energy, China is carrying out a massive energy revolution, added Zheng in a speech on a video link in the recent “The Responsible Energy Forum 2021”.
China has become the world’s largest market for renewable energy, with renewable energy accounting for 29.5 percent of total electricity consumption, Zheng said.
China is also the largest manufacturer of renewable energy equipment, ranks first in installed hydro, wind and solar power generation capacity and has the largest nuclear power projects under construction, he noted.
Meanwhile, China is taking concrete action to combat climate change, Zheng said news agency reported.
China has high expectations for the upcoming COP26 in Glasgow, he said.
“We hope that all parties will work closely together, prioritizing the conclusion of the Paris Rulebook negotiations, making arrangements for issues of paramount importance to developing countries, including funding, technology and capacity building, and the implementation of their respective stated goals urge. “,” he added.
China hopes to foster cooperation with the UK on green development, the ambassador said.
There is enormous potential for practical cooperation in the areas of green finance, green technology, renewable energies, civil use of nuclear energy, electric vehicles, and CO2 capture and storage. However, for this potential to bear fruit, the governments of both countries need to create a favorable political environment, he added.
“Economic and trade issues should not be politicized. If restrictions are deliberately placed on companies for geopolitical or ideological reasons, you are not practicing free trade, you are violating WTO (World Trade Organization) rules, you are not attracting FDI (foreign direct investment), and You are doing global cooperation on green development no favors, “he said.
“I hope China and the UK can strengthen practical cooperation on green development across all sectors rather than relying on mutual restraints,” he added.