Recently, the International Renewable Energy Agency released a report showing that the global installed capacity of renewable energy reached a historic high in 2024, with China's new renewable energy generation accounting for 60% of the global total increase. However, the report also points out that there is still a significant gap in the global installed capacity of renewable energy compared to the goals set by the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), highlighting the importance of China's thriving green industry for the world's energy transition. Currently, the global demand for green production capacity is maintaining a rapid growth trend. On the one hand, green industries, with their unique attributes of low-carbon and environmental protection, have become a key means for more and more countries to achieve carbon neutrality goals. The solar, wind, and hydro industries are rapidly developing globally, and renewable energy is increasingly becoming the main force for countries to meet the growing demand for new electricity energy. In 2024, 80% of the global increase in electricity generation will be met by renewable energy and nuclear energy, with the combined proportion of the two exceeding 40% for the first time. According to calculations, in order to further achieve the goal of green transformation, the global installed capacity of renewable energy needs to increase by 16.6% annually by 2030, especially with the huge potential demand for new energy products in many developing countries. On the other hand, with the continuous development of technology, new green technologies and solutions continue to emerge, providing strong impetus for the development of green industries. For example, the innovation of technologies such as smart grids, distributed energy, and carbon capture and storage has expanded new fields for green industries and become an important driving force for energy transformation. At the same time, new green products and services are also stimulating global demand for green consumption. For example, products such as electric vehicles and solar photovoltaic panels are highly favored by consumers in various countries due to their advantages of energy conservation, emission reduction, and resource conservation. Climate change is a global challenge, and as long as there is room for carbon reduction, global green production capacity is not surplus but insufficient. In the context of energy transition, international public opinion generally believes that China's high-quality green production capacity is making positive contributions to the world's energy transition. China's high-quality green production capacity not only strengthens its own energy security barrier, but also contributes significantly to building a diversified global energy supply pattern. In 2023, the overseas supply of "new three types" products represented by China's electric manned vehicles, lithium batteries, and photovoltaic products will exceed one trillion yuan for the first time. In 2024, China's wind turbine exports will increase by 71.9%; Photovoltaic products have exported over 200 billion yuan for four consecutive years; The export of lithium batteries reached a record high of 3.91 billion units. At the same time, China has also cooperated with more than 100 countries and regions on green energy projects, completing a number of landmark projects such as the Karot hydropower station in Pakistan and the Adama wind power project in Ethiopia, allowing many developing countries to "move from dreams to reality" by utilizing renewable energy. China's high-quality green production capacity has also reduced the cost of global green transformation. In recent years, China's new energy technology has been rapidly iterating, with the photovoltaic conversion efficiency of mass-produced photovoltaic cells continuously improving, multi megawatt level wind power technology forming multiple mature routes, and the number of new energy vehicle patents leading the world. With innovative advantages, it has continuously promoted the cost reduction of related green products and projects. For example, low-cost solar panels produced in China are lighting up rural areas in Zimbabwe; The production of cost-effective electric vehicles in China is becoming increasingly popular, and their presence can be seen in many countries and regions. The International Renewable Energy Agency report points out that in the past 10 years, the average cost of electricity per kilowatt hour for global wind and photovoltaic power projects has decreased by over 60% and 80% respectively, with a large part attributed to Chinese innovation, Chinese manufacturing, and Chinese engineering. The development of high-quality green production capacity in China has optimized the global green industry chain and supply chain. With continuous technological innovation and a well-established supply chain system, Chinese new energy enterprises have achieved localized development in exporting countries, including localization of products, services, marketing, human resources, supply chains, and other aspects. For example, lithium battery company CATL is building a battery factory in Hungary; Longi Green Energy, Trina Solar, Jinko Solar and other photovoltaic enterprises have established production bases in Southeast Asia, forming overseas integrated production capacity and a complete supply chain system. Through these international collaborations and resource sharing, China and other countries are building a new model of energy green and low-carbon transformation for mutual benefit, working together to promote the steady progress of global green energy transformation. Currently, China's high-quality green production capacity has become the core driving force for global energy transformation, demonstrating its firm determination and great national responsibility to address climate change. On the other hand, some developed countries, while talking about addressing climate change, constantly set up trade barriers to hinder the global circulation of green technologies and products and services. This goes against the goal of pursuing green and sustainable development for all mankind, highlights the essence of anti globalization and trade protectionism, and does not help countries around the world fulfill their climate commitments, achieve a low-carbon economy, and thus does not contribute to the prospects of global energy transition. Author: Zheng Meng (Associate Researcher at the Institute of Latin American Studies, Chinese Academy of Social Sciences)