Chao news client Wang Yichen.
On February 5, the country's largest tidal flat photovoltaic power station - the first phase of the Wenling Nanhai Flat Fishery-PV Complementary Power Station Project was officially connected to the grid for power generation (drone**) in Songmen Town, Wenling City, Zhejiang Province.
Renewables are a "blue ocean", and China's energy transition practices provide a successful model for this. Through technological innovation, the cost of onshore wind power and photovoltaic power generation in China has decreased by 30% and 75% respectively in the past 10 years, and grid parity has been fully realized. With the continuous development of new energy technology, China is promoting the further reduction of the cost of wind power and photovoltaic power generation, providing a rare sample for the rapid deployment of renewable energy in developing countries.
Since the outbreak of the new round of Palestinian-Israeli conflict, Yemen's Houthi rebels have repeatedly attacked and seized merchant ships in the Red Sea waters, leading to the suspension of Red Sea routes by a number of international shipping companies, forcing a large number of goods between Asia and Europe to detour to the Cape of Good Hope. Affected by this, global shipping** soared, and oil and gas** also fluctuated sharply. The successive geopolitical conflicts in recent years have further highlighted the risks of over-reliance on fossil fuels and country-specific energy sources.
There have been many energy crises in the history of human use of oil. From the beginning of the 70s of the 20th century, the oil industry was affected by major fluctuations from time to time. Among them, in just 17 years from 1973 to 1990, there were three oil crises in the world, each of which led to the highest oil prices and dragged down economic development. Fifty years after the first oil crisis, people are once again facing the risk of geopolitical tensions and energy crisis shocks.
The volatile nature of the global energy market is closely related to the nature of fossil fuels. On the one hand, fossil energy reserves such as oil and gas are limited, and there has been a discussion about whether the global oil will be depleted. At the same time, the serious uneven distribution of oil and gas resources requires large-scale and large-scale transportation and distribution around the world, which exacerbates the uncertainty of global oil and gas supply because many major oil-producing countries and oil and gas transportation routes are located in politically unstable areas. On the other hand, all aspects of social operation, such as transportation, industrial production, and agricultural planting, are inseparable from energy, and the demand is increasing, fossil fuels play an important role in the rise and fall of major countries, and the competition for oil and gas resources in major countries is extremely fierce. Affected by this, the game between countries around oil and gas production and consumption continues, and the contradictions are difficult to reconcile, which in turn leads to global energy turmoil.
How do we get out of the "red ocean" of zero-sum game on fossil fuels? It is clear that the global energy system based on fossil fuels cannot avoid this conflict, and the green and low-carbon energy transition provides new possibilities.
The United Nations Sustainable Development Goals (SDGs) aim to move towards a sustainable development path by addressing the social, economic and environmental dimensions of development in an integrated manner, by ensuring access to affordable, reliable, sustainable and modern energy for all. The shift to renewables will not only help combat climate change, but also end the geopolitical factors of the old energy order.
Renewable energy is a "blue ocean". With the rise of digital technology, cheap and skilled labor will no longer be the main competitive advantage in the global market, instead, cheap, stable, and sustainable energy is. Fossil fuels are being used less and less, and development costs are getting higher and higher as high-quality block resources continue to decrease. Conversely, not only do renewable energy not run out, but the more you use it, the cheaper it gets. Thanks to a more balanced distribution of resources, we can even use cheap renewable energy anywhere. Although the initial investment in the new clean energy system is huge, the operating cost of the system will continue to decrease. In addition, the business activities generated by investment will have a positive impact on economic growth, job creation, and the maintenance of climate and ecological stability. By continuing to drive technological innovation, the pie of renewable energy will grow bigger and bigger.
China's energy transition practices provide a successful example for this. In recent years, China has vigorously promoted the rapid development of renewable energy, and by the end of 2023, the installed capacity of renewable energy power generation exceeded 14500 million kilowatts, while effectively guaranteeing energy**, significantly achieve carbon reduction and emission reduction. Through technological innovation, the cost of onshore wind power and photovoltaic power generation in China has decreased by 30% and 75% respectively in the past 10 years, and grid parity has been fully realized. With the continuous development of new energy technology, China is promoting the further reduction of the cost of wind power and photovoltaic power generation, creating more rare opportunities for the rapid deployment of renewable energy in developing countries.
Every fierce turbulence in the international energy market has sent a strong signal that the pace of green and low-carbon energy transformation cannot be stopped. To achieve the climate goals of the Paris Agreement, countries need to move away from zero-sum thinking, adopt stronger policies, strengthen international cooperation, increase investment in green technology innovation, and reduce dependence on traditional energy sources, thereby reducing the impact of geopolitical factors on global energy**.
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