Displaying items by tag: green pledges

The strengthened commitment by China to cutting emissions and expanding renewable energy production may well accelerate Southeast Asia’s transition to a low-carbon economy. Analysts note that, as one of ASEAN’s key investors and trading partners in clean technology, China’s policies could encourage member states to attract more green investment while pursuing economic growth. Xi Jinping’s new climate targets include reducing greenhouse gas emissions by up to 10 percent from peak levels by 2035, expanding wind and solar capacity to 3,600 gigawatts, and increasing nonfossil fuels to over 30 percent of total energy use. Experts say these goals will boost affordable renewable technologies (eg solar panels, wind turbines, and batteries) across ASEAN, fostering energy security and resilience. China’s $2.7 billion clean-energy investment and $4.3 billion trade with ASEAN could inspire other members to align with the global shift toward sustainable development and climate responsibility.