China’s Green Economy Drove 40% of GDP Growth in 2023, CREA Says
A floating solar farm built on the site of a former coal mine in Huainan.
Photographer: Qilai Shen/BloombergClean energy accounted for 40% of China’s economic growth last year, according to the Centre for Research on Energy and Clean Air, potentially giving the sector more political heft in Beijing.
The green economy contributed a record 11.4 trillion yuan ($1.6 trillion) to China’s gross domestic product in 2023, a 30% jump from the previous year, the independent research organization said in a report. Solar power, and manufacturing of panels, electric vehicles and batteries were the main investment drivers, it said.