China is redefining the global energy transition landscape by making affordable clean energy equipment available to emerging countries.
The international analyst at CNN BrazilLourival Sant’Anna, highlighted, during participation in the WW, that the movement gradually moves them away from American and European influence in this sector.
This significant change was shown in a report by the North American newspaper “The New York Times”revealing a new dynamic in the renewable energy market.
With a massive investment of US$225 billion, it has established a strong presence in the market for solar, wind energy and electric battery equipment.
In addition to large-scale manufacturing, the country has also expanded its influence by installing factories in other nations, consolidating its position as a global leader in this segment.
Impact on emerging countries
The new paradigm is already showing practical results in several nations. Nepal, for example, significantly reduced tariffs on imported combustion vehicles, making electric vehicles more accessible to the population.
Ethiopia adopted a more radical stance, banning the import of cars powered by fossil fuels.
This transformation comes at a time when developed nations have not fully delivered on their climate finance promises.
While the European Union and the United Kingdom have set more ambitious targets for reducing emissions, other rich countries have not kept pace.
Not only does it drive the global energy transition, it also stimulates innovation across diverse sectors.
Investments in research and development, focused on renewable energy sources, are generating technological advances that extend to other industrial areas, consolidating a new engine for global economic development.
