At the recently held 2022 APEC Business Leaders China Forum, the APEC China Business Council and the International Cooperation Center of the National Development and Reform Commission jointly released the 2022 annual report "Beyond Net Zero Carbon" (hereinafter referred to as "Sustainable China Industrial Development Action") Report"). The report shows that, driven by China, the global installed cost of solar photovoltaics in 2021 will drop by about 82% compared with 2010, the installed cost of onshore wind turbines and offshore wind power will drop by about 35% and 41% respectively, and the cost of power generation will also drop significantly.

Data show that during the decade from 2010 to 2020, solar photovoltaic power generation increased by nearly 25 times, and wind power generation increased by nearly 4 times. "This is inseparable from China's technological breakthroughs in wind energy and solar photovoltaics and the construction of the industrial chain, which has played a key role in the sharp decline in the cost of global solar and wind energy installations and power generation costs." The report said that in water energy, wind energy In the new energy structure dominated by solar energy and solar energy, the development of hydropower generation may soon reach its peak, and the future development of wind energy and solar photovoltaic still has unlimited potential.

my country has become the world's second largest energy R&D spender with an R&D investment of over 8 billion U.S. dollars in 2020, mainly focusing on low-carbon technologies related to fossil combustion and renewable energy. In terms of research and development achievements, my country's international patents have emerged in large numbers since 2008. As of 2020, the number of international patents obtained by my country in the field of renewable energy technology has exceeded 75%. The current research in the field of renewable energy mainly focuses on batteries, solar photovoltaics and electric vehicles, and charging. The cumulative number of patents of the three 50% of the world's total.

Zero-carbon energy transformation requires huge capital investment, especially in the early stage. my country proposes to achieve carbon neutrality by 2060. According to estimates, the average annual capital demand for carbon neutrality is 3 trillion to 5 trillion yuan. However, the report said that during the "13th Five-Year Plan" period, energy fixed asset investment has exceeded 3 trillion yuan per year, indicating that there is no serious shortage of funds, and zero-carbon funds have great market potential and scale.

The report pointed out that global development has shifted from a "high-carbon energy and low-carbon channel" to a "zero-carbon energy channel". Changing the track will not only bring carbon neutrality, but also economic growth and employment. Increase, energy security, environmental improvement, welfare enhancement and other multi-target win-win, to achieve all-round sustainable development beyond "net zero carbon".