China installed a record 293 gigawatts (GW) of wind and solar in 2023 – pushing its total capacity to 1,050GW, according to a new report.
The report, published by Australia-based thinktank Climate Energy Finance, says that, if this rate of renewables growth is maintained, then China could reach its “dual carbon” climate goals earlier than planned.
Here, Carbon Brief interviews the author of the report, Xuyang Dong. The questions and Dong’s answers are reproduced in full, below.
(An abridged version of this interview was published in the 16 May edition of China Briefing, Carbon Brief’s fortnightly email newsletter focusing on climate and energy developments relating to China. Sign up for free.)
Carbon Brief: Your report concluded that China’s coal power output will soon peak and decline – despite rising coal capacity – thanks to the rapid rise of clean energy sources. How widely do you think that potential tipping point is understood, both within China and internationally?
Xuyang Dong: This potential is not being understood or acknowledged enough both within China and internationally. China is prioritising energy security over the need to reduce coal-use. It has positioned thermal power as the backup energy source to ensure energy security, as electricity demand continues to grow and boost the economy. This strategy is being emphasised after the downturn in hydropower generation last year caused by droughts, as well as blackouts in different parts of the country due to the unmet rising electricity demand. I think there is a pressure domestically of not wanting to admit it, as they really want to ensure energy security first. Concurrently, China is increasing renewable energy capacity at a staggering pace that far outstrips every other nation on the planet.
Internationally, news headlines continue to emphasise that China is building new coal-fired power plants, leading to a lack of confidence about China’s commitment to decarbonising its national electricity grid, although the expansion in renewable energy additions in China is at an unprecedented speed and scale.
However, the picture is more positive when we look at installed capacity. At the end of March this year, 53% of China’s installed capacity is zero-emissions. This paves the way for China to reduce its reliance on coal and to do so rapidly – as we map in our report. China now needs to be more ambitious in its climate targets and it is well positioned to do so.
CB: If China is to announce more ambitious climate goals and expand renewable energy like you suggested in the report, in your opinion, what are the barriers?
XD: We are aware there are concerns over China’s land-use as a major constraint for building more wind and solar farms. We have run a case study on a 1.5 gigawatt (GW) solar project being built in the Tengger Desert in Ningxia province. The project has 3.5m solar modules installed and only took up 0.1% of the total desert. In our model, we estimate that China needs to install a total of 5,405GW of new solar capacity to reach its dual-carbon targets and that may require only 11% of a total land area of the Gobi Desert, a neighbouring desert to Tengger.
The real challenge is that more transmission lines are needed. China recently started construction of an ultra-high-voltage power line project, which will cover three provinces – Shaanxi, Hubei and Anhui – to send 36 terawatt hours (TWh) of electricity to Anhui per annum and help boost renewable energy consumption by more than 18TWh per annum. More transmission lines like this are needed to maximise the renewable energy generation potential of China’s desert areas and to resolve China’s land use constraints in the east coast.
CB: What do you think about policy support?
XD: I think being more ambitious in the overall climate target would be a good start because China has the capacity, the money and the technology to deploy the renewable energy at the speed and scale it requires.
Considering its political system is “top-down”, a more ambitious target could help the central government to give out more mandates, build better transmission lines and distribute the generated power into the areas that are needed.
Internationally, China needs to align with other developed countries to take its responsibilities as the leading renewable superpower and the carbon price would be an important policy lever. The external incentives and penalties, such as [having a Chinese version of] the EU’s carbon border adjustment mechanism (CBAM), would also help. CBAM encourages the EU’s trading partners, especially China, to reduce the emissions of their exports. A further driver would be for other nations to also catch up with China’s staggering renewable expansion and start to emulate its speed and scale, so there will be no excuse left for China to do less.
CB: Speaking of CBAM, your report recommended China to have one of its own. Can you explain how introducing one would help, politically, to enable greater ambition from China’s leaders?
XD: Having one itself could incentivise China to increase the price of carbon, which currently is significantly lower than the EU and the rest of the developed world, although there is a deflation in China and most of the commodities are a lot lower than the rest of the world. But a higher price on carbon could be a good incentive, especially limiting the emission in the manufacturing industry. It could also match China’s carbon price with the EU and lead to less trade barriers. For other trading partners, for example, Australia. Australia has been exporting raw materials. It could also incentivise Australia to do an embedded decarbonisation on its exports as well.
CB: Wouldn’t you worry the CBAM would make trading with some countries, such as developing countries, harder with China?
XD: The Chinese CBAM could list different categories and for different countries. It can have a higher standard for the developed countries and encourage the developed world to help the emerging market and developing economy to decarbonise. In the Asia-Pacific region, China, Japan, South Korea and Australia could work together to decarbonise.
CB: In the future you described, what role do you think solar and wind energy will play?
XD: As our report mapped out, wind and solar will be the leading energy sources in the future. China’s manufacturing capacity is driving down the cost for solar panels, modules and wind turbines. The cost of deploying them is lower, too. In the meantime, they have the world’s leading technology, which can increase the utilisation rates. However, it needs to be accompanied by a better sort of combination in the energy storage system, and better energy storage, so the renewable energy it generates doesn’t go to waste and it can also help with China’s entire curtailment issues.
CB: What do you think about the current energy storage situation in China?
XD: It has become a priority compared to a year ago. Most of the policy before is supporting more build out for solar and wind power projects, progressively, and now we can see more documents focusing on storage systems. In fact, there is more and more manufacturing capacity for batteries as well, so we can see a dropping price in the batteries, which will be beneficial for a larger deployment of energy storage systems.
CB: Speaking of solar and battery, what do you think about China’s “new three” – solar, batteries and EV – and how they help China in energy transition and economy?
XD: The “new three” has played a very huge part in China’s economic growth. In 2023, 40% of China’s total 5.2% GDP growth last year was driven by it. [Read more on Carbon Brief’s analysis on clean energy and China’s economic growth in 2023]. This is very significant, especially because China is facing multiple headwinds in different areas, including the housing sector, population decline and deflation.
According to the International Energy Agency (IEA), the first quarter of 2024 saw China sell nearly 1.9m electric cars, more than the rest of the world combined. I think it’s inevitable that China’s solar manufacturing overcapacity continues to lead the global renewable market. China’s solar manufacturing overcapacity has been a big topic and it is posing a threat to the industry as it is resulting in price slump for the solar panels and making a lot of business non-profitable. However, there are still some major players remaining financially healthy.
I know there are a lot of concerns about this overcapacity in the industry, such as in the EU and the US, and I think for China to address the concerns over industrial overcapacity, it needs to, first, stimulate domestic demand and deployment of solar and windfarms, energy storage systems buildout and EV sales. Secondly, China could use its cheap renewable exports to help emerging markets and developing economies to build more renewable energy capacity, boosting and accelerating the global energy transition. Finally, it should be collaborating on joint ventures with European and US investors to build local factories.
CB: You mentioned there are some “financially healthy” Chinese companies and they have often been accused of using state subsidies to win “unfair” competition. What’s your view on the accusations?
XD: It’s a very classic way of the Chinese government doing things. When they see an opportunity, they build the capacity first and they will even run at a loss-making state to just dominate the market. Once they have taken over the market, they can profit from that. China has shown this sort of a pattern of doing business in the past.
However, in the meantime, China has shown it has the labour capacity, resources and the capital to deploy or develop the manufacturing capacity at this rate. It drives down the prices of a solar panel and module, wind turbine, as well as battery and EV prices, so I think it is good news to the global energy transition overall, especially for countries from the emerging market and developing economies when they really need more capital and more cost-efficient materials for them. So I guess it really depends on how you look at it and how you work with China instead of working against it.
The post Interview: China’s renewables ‘pave the way to rapidly reduce coal reliance’ appeared first on Carbon Brief.
Interview: China’s renewables ‘pave the way to rapidly reduce coal reliance’
An Lambrechts is a biodiversity politics expert at Greenpeace International with extensive experience in biodiversity-related multilateral negotiations. She is the head of the Greenpeace delegation at the Convention on Biological Diversity (CBD) COP17 happening in Yerevan, Armenia.
In 2022, COP15 delivered the landmark Kunming-Montreal Global Biodiversity Framework to halt and reverse biodiversity loss by 2030. With COP17 starting in Yerevan, we are now halfway to the deadline, and according to the first Global Review of progress, countries are not on track to meet the biodiversity targets, and implementation must accelerate fast.
One of the main findings of the Global Review is that funding falls far short of the scale needed to halt and reverse nature loss. But the crisis facing the world’s biodiversity is not an absolute scarcity of capital – it is a profound public policy distortion.
The global economy currently spends roughly $30 destroying nature for every single dollar invested in its protection. According to a report from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, a staggering $2.4 trillion is spent in public subsidies for fossil fuels, agriculture and water use, while global investment in biodiversity conservation and restoration stands at a mere $220 billion.
Countries urged to ramp up “insufficient” nature policies at COP17
Yet, discussions about how to close the biodiversity finance gap continue to claim that salvation lies in mobilising private capital, scaling offsets and “derisking” investments in nature. This is a fundamental misunderstanding of both the nature of ecological stewardship and of the global financial architecture.
Biodiversity conservation is not a speculative investment portfolio – it is the foundation of human survival. The health of our planet is a non-monetisable, non-excludable public good. Expecting profit-seeking private capital to protect nature perpetuates the structural drivers of ecosystem destruction in the first place.
But if private market mechanisms cannot save biodiversity, where will the necessary public resources come from?
Money going to the wrong places
The answer lies in recovering the vast public wealth currently drained by cross-border tax abuse, financial secrecy and corporate impunity. Finance and environment ministers meeting in Yerevan must give a strong political signal that, to avert ecological breakdown, countries need to take swift action to reform global tax rules, eliminate harmful public subsidies and cancel unsustainable sovereign debts for the public revenues to end up where they belong.
Extractive sectors such as industrial agriculture, fishing, timber and mining continue business-as-usual, often heavily subsidised by public treasuries, while voluntary carbon and biodiversity offset markets pose a serious risk to nature conservation. Offset schemes have delivered only a negligible fraction of the funding needed to preserve ecosystems, allowing industries to continue with their destructive business-as-usual practices.
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Global deforestation slowed in 2025 but Brazil’s election could undo “fragile” gains
Countries remain 70% off track to meet a goal to end deforestation by 2030, as progress in Latin America offset by failures in Africa -
Brazil confident new rainforest fund will reach $10bn donor milestone
Brazil’s environment minister said the Tropical Forest Forever Facility has raised billions in record time – which he hopes will convince more investors
In advanced economies, public funding often actively undermines biodiversity. In Europe, over €5.3 billion in public subsidies is funnelled annually into intensive forest biomass harvesting under renewable energy directives, degrading primary forest ecosystems and undermining long-term climate resilience. Pleading with private investors to fill a “finance gap” while pouring billions into ecological destruction is an exercise in futility.
Developing countries struggle with debt burden
For developing countries, reliance on private finance is further compounded by a crushing sovereign debt crisis. In 2024, public debt in developing economies reached record levels, with net interest payments alone absorbing $921 billion. A record 61 developing countries now spend more than 10% of government revenue on foreign debt service, with many climate-vulnerable nations spending twice as much servicing external debt as they receive in climate and biodiversity finance combined.
This burden acts as a structural driver of ecosystem destruction. Under pressure from external creditors and international financial institutions to avoid default and secure foreign exchange, governments are routinely forced into austerity measures and pushed to expand raw commodity exports into pristine biomes.
Comment: World Bank and IMF should lead the financial system in responding to the climate crisis
The current negotiations for a United Nations Framework Convention on International Tax Cooperation (UNFCITC) also offer a way forward. An estimated $492 billion in tax revenue is lost every year to offshore tax havens. Multinational corporations account for around $348 billion of this total by shifting profits away from the countries where real economic extraction and environmental degradation occur.
In the mining sector alone, developing nations lose tens of billions annually to corporate tax dodging. Furthermore, international financial secrecy shields environmental criminals, with illicit financial flows from illegal logging draining between $51 billion and $152 billion annually.
At COP17, leaders must seize the opportunity to build a bridge between the two conventions and enhance cooperation. Governments must put the world on a firm path to securing predictable, sufficient, sovereign public finance for biodiversity conservation. It’s the only path to a restorative, rights-based future for people and the planet.
The post Protecting nature is a public duty, not a Wall Street profit opportunity appeared first on Climate Home News.
Protecting nature is a public duty, not a Wall Street profit opportunity
Climate Change
Greenpeace delivers 47 metre-long petition with half a million signatures to Woodside HQ following major gas protest
Greenpeace delivers 47 metre-long petition with half a million signatures to Woodside HQ following major gas protest
PERTH, Monday 19 October 2026 — Dozens of Perth community members delivered a giant petition, signed by almost half a million people, to Woodside’s corporate headquarters this morning, calling on the government to save Scott Reef from Woodside’s reckless Browse gas proposal.
Dressed in sea creature costumes and hats, supporters carried one of Australia’s biggest environmental petitions to Woodside’s headquarters, and a local choir performed a ‘Scott Reef’ rendition of Angie McMahon’s iconic cover of ‘Reckless’ by Australian Crawl.
On the sidelines of the Perth Global Citizen Now event, it comes following a two day-long protest at Woodside’s Scarborough gas platform that saw activists scale and occupy the Floating Production Unit calling to “Stop Woodside’s Dirty Gas” and “Save Scott Reef”. The activists were taken from the platform by police helicopter on Sunday afternoon.
David Ritter, CEO at Greenpeace Australia Pacific, said: “Less than a day after two Greenpeace Australia Pacific activists were arrested for their peaceful protest at Woodside’s Scarborough gas platform to save Scott Reef, we are here again with another message to Woodside: half a million of us do not want your dirty gas at Scott Reef.
“Community pressure on Woodside is rising. Today we are here to show Woodside that they can’t ignore half a million people who want Scott Reef protected, not turned into an industrialised gas zone.
“Woodside can’t be trusted with our oceans. Woodside’s plans to drill up to 57 toxic wells at Scott Reef, Australia’s largest oceanic reef, putting endangered pygmy blue whales at risk, and jeopardising a nesting ground for unique green sea turtles.
“We Australians love our oceans and this is an opportunity for our governments to do the right thing, to reject Woodside’s reckless drilling plans, and save Scott Reef.”
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Media contact
Kate O’Callaghan on +61 406 231 892 or Emma Sangalli on +61 431 513 465
Climate Change
Greenpeace Australia Pacific activists in police custody after two-day protest against Woodside’s Browse gas project at Scott Reef
PERTH, Sunday 18 October 2026 — Two Greenpeace Australia Pacific activists are in police custody after occupying a gas platform at Woodside’s Scarborough gas project, in peaceful protest of the fossil fuel corporation’s plans to drill for oil and gas at Scott Reef.
NEW footage and photos of the peaceful protest available here and on Instagram
The activists used specialised climbing equipment to scale and attach themselves to a Floating Production Unit (FPU), a key piece of gas processing infrastructure at the Scarborough gas field over 200km off the coast of Exmouth, at around 05:45am AWST on Saturday and proceeded to occupy the platform for two days, displaying banners reading “Stop Woodside’s Dirty Gas. Save Scott Reef.”
Special police forces landed a helicopter on the FPU at around 11:30am AWST. The activists safely removed themselves from their equipment before being taken into police custody around 1:00pm AWST. At the time of writing, no charges have been laid.
David Ritter, CEO at Greenpeace Australia Pacific, said: “It takes guts and conviction to do what our activists have done, peacefully protesting Woodside’s reckless gas plans at Scott Reef.
“Woodside’s plans to drill up to 57 toxic wells at Scott Reef are outrageous. If allowed to go ahead Woodside would turn Scott Reef, Australia’s largest oceanic reef, home to nesting green sea turtles and elusive pygmy blue whales, into an industrial gas zone. Around half a million people have called on our governments to stop Woodside and to save Scott Reef.
“Our activists are highly trained and experienced in these activities. West Australia has a proud history of peaceful, democratic protest at sea, to protect our oceans from environmental threats. From whaling in Albany in the seventies, to Woodside’s threat to Scott Reef today, there’s more than fifty years of history, of Greenpeace taking action off WA’s coast to protect the places we love.
“Peaceful protest has long been part of what has given us so many of the things that are great about Australia and is part of the fabric of our democracy and our national identity.”
“The right to peaceful protest is fundamental to a healthy democracy. From Australia to the Arctic and the Amazon, Greenpeace has been peacefully protesting for more than 50 years to expose the biggest environmental threats around the world. We will not be silenced by corporations like Woodside who actively try to stop everyday people from speaking out against their reckless plans.
“Woodside’s reckless proposal to drill at Scott Reef is an unacceptable risk to Scott Reef and to the climate, which our government should emphatically reject.”
Speaking from the Rainbow Warrior, Captain of the Rainbow Warrior Hettie Geenen, said:
“It felt powerful watching from the Rainbow Warrior as these brave activists scaled Woodside’s enormous and imposing gas infrastructure, which has no place at Scott Reef. We are all out here because we feel an urge to act, in the face of Woodside’s grave threat to Scott Reef and to our climate. Now we ask for the Australian government to act too, and reject Woodside’s reckless Browse project.
“Just before this peaceful protest, the Rainbow Warrior sailed to Scott Reef, where our whole crew got to witness the magic of an untouched, healthy reef ecosystem full of marine life. It was my second time visiting Scott Reef with the Rainbow Warrior. When you see Scott Reef up close and witness its magic first hand, it is impossible not to feel driven to try and protect it.”
The activists sailed to Scarborough on the Rainbow Warrior, Greenpeace’s flagship vessel, which is in the region campaigning to protect Australia’s oceans, including Scott Reef.
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Media contact
Greenpeace Australia Pacific media team in Perth on +61 406 231 892 or +61 407 581 404 or email media.au@greenpeace.org
