Renewable Energy Industry Accelerates Its Development in the World
The transformation process of global energy structure is accelerating. With the international efforts to cope with climate change and the increasing consensus on low carbonization of energy, more and more countries have actively introduced policies and measures to promote the development of
renewable energy industry. There is a promising future for the development of
green energy industry.
In a recent report "World Energy Outlook 2020", the International Energy Agency predicts that the global energy demand will not fully recover to the pre-epidemic level until at least 2023. According to the report, affected by epidemic and other factors, the global energy demand is expected to drop by 5% this year, among which the oil demand will drop by 8% and the coal consumption will drop by 7%. However, the renewable energy industry continues to grow and is expected to replace coal as the main power generation mode in 2025. By 2030,
renewable energy will provide nearly 40% of the global electricity supply.
The Global Energy Statistics Review released by BP shows that while global coal consumption continues to decline,
global renewable energy is growing at a record rate, accounting for more than 40% of primary energy growth in 2019.
On the one hand, governments can adjust market expectations through policy guidance, so that investors can foresee the prospect of investing in low-carbon economy; on the other hand, we should further accelerate the integration of internal energy markets, strengthen international policy coordination, and ensure that energy prices remain in a stable and reasonable range, so as to attract investors' attention to the
green energy industry.