A post-2020 climate-control action plan, to be submitted by China to the United Nations by theend of this month, will have huge influence on future global energy research and innovation,according to the head of the Abu Dhabi-based International Renewable Energy Agency.
Adnan Amin, IRENA's director-general, said in Beijing on Friday that the agency was "veryexcited" about the announcement, calling the plan "a signal for the clean energy industry, notonly in China but also for the whole world".
Xie Zhenhua, special representative for climate change affairs at the National Developmentand Reform Commission, said on Tuesday in Washington that the plan could involveestimated investment of more than 41 trillion yuan ($6.6 trillion) by 2030.
China accounts for one-fifth of all global energy consumption, and industry experts have saidsuch a high level of investment will greatly promote research and innovation of renewableenergies.
China already has the world's largest installed capacity of wind and hydroelectric power, aswell as the vast majority of solar power and biogas installations.
IRENA is an inter-governmental organization that supports countries in their transition to asustainable energy future, and serves as the principal platform for international cooperation.
China has set a goal to increase its share of non-fossil fuels in primary energy consumption toaround 20 percent by 2030, which Amin described as ambitious but achievable.
He said a study by his agency showed China could realistically achieve the scaling up of itsmodern renewable sources to 26 percent by 2030, by adopting all the potential renewableenergy technologies available.
The IRENA director-general also said that China could have installed more new renewableenergy capacity than all of Europe and the rest of the Asia-Pacific region put together by2030.
As China enters the next phase of its development, the so-called new normal of lower butsustainable growth, Amin said the transition will provide many lessons for countries aroundthe world on how to improve the quality of their own economic progress.
He said ensuring a green economy is not only about environmental issues, it is about makingsure future development is not going to exceed the natural limits of the environment.
Amin emphasized the importance for China of creating a more secure, sustainable andcleaner energy base during that transition.
Investment in renewable energy in China hit $83.3 billion in 2014, compared to $62.2 billionthe previous year, according to figures in the Global Status Report, published by the UnitedNations-backed Renewable Energy Policy Network for the 21st Century.