The 9th International Symposium of the Organization of the Petroleum Exporting Countries (OPEC), which lasted for two days, came to an end on the 10th in Vienna, Austria. Impressively, both inside and outside the seminar, multiple industry insiders and corporate executives positively evaluated China's important role in the global development of renewable energy, believing that China has not only achieved significant breakthroughs in areas such as photovoltaics and wind energy, but also helped other developing countries achieve energy security and green transformation through overseas projects, becoming an important force in promoting the upgrading of the global energy structure. At the seminar, OPEC emphasized two major challenges facing the current global energy market: firstly, the sustained lack of energy investment, which may lead to future energy affordability issues; Secondly, energy poverty still exists in many regions of the world, and it is believed that a comprehensive and coordinated strategy must be adopted for energy transformation. While ensuring energy security, affordability, and sustainable development, emission reduction and technological innovation should be promoted. OPEC recently released its "World Oil Outlook 2025". The report points out that since the last outlook report was released in September last year, significant progress has been made in the energy sector. Among them, the renewable energy generation capacity has increased by nearly 600 gigawatts, thanks to China's newly added solar photovoltaic and wind power installed capacity reaching new highs. The report points out that China will continue to maintain its position as an important industrial and manufacturing center, and gradually move towards higher levels of the global value chain. China's dominant position in renewable energy production and electric vehicle manufacturing is expected to continue, while its role in chip manufacturing and artificial intelligence related industries will continue to expand. During an interview with Xinhua News Agency, Bayo Bashir Ojoulari, the CEO of Nigeria's National Oil Company, stated that China has made substantial progress in the transition to clean energy, particularly in areas such as solar energy where growth continues, and other forms of energy are also quite mature. He pointed out that the key now is to further apply China's mature experience in energy transition to other developing countries, in order to provide and meet their energy security needs. We see that China plays a crucial role in this regard, "said Ojuli, highly praising China's important contributions to clean energy cooperation projects overseas. He gave examples, such as China's hydropower projects in the Democratic Republic of Congo and the construction of solar power plants in Indonesia and Nigeria, which are important manifestations of China's efforts to promote global energy transformation. What is even more impressive is that China not only invests heavily in clean energy domestically, but also actively participates in overseas construction, promoting economic growth in Africa and other regions, injecting new development momentum into developing countries, "said Ojoulari. The achievements of Nepal China cooperation are impressive. The Nigerian National Oil Company and other companies are very eager to strengthen cooperation with Chinese enterprises, learn more technology and knowledge from China, and usher in more business opportunities. Mohammed Abunaan, founder and chairman of Saudi International Power and Water Company, also stated that China has played a key role in promoting the development of renewable energy. He said, "China's contributions in energy transformation, technological innovation, and cost control cannot be ignored. Without China, there would be no reality of clean energy today." He pointed out that China's development in areas such as photovoltaics, wind energy, and electrification has injected a realistic and feasible path into the global energy system. China has promoted the "realization" of global new energy - not only achieving technological breakthroughs, but more importantly, making prices accessible. (New Society)
Edit:Yi Yi Responsible editor:Li Nian
Source:www.news.cn
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