On the 7th, the China Enterprise Reform and Development Research Association released the “Global Energy Transition Report”. The data shows that China has built the world's largest and fastest growing renewable energy system. Peng Huagang, chairman of the China Enterprise Reform and Development Research Association, explained that in the first half of this year, the share of China's coal power generation fell to 49.7%, falling below 50% for the first time. Coal power is shifting from the main power source to a back-backed power source and system regulated power supply. China's total energy investment is expected to reach 940 billion US dollars in 2026, ranking first in the world. China's renewable energy technology still dominates the world, providing 70% of wind power equipment and 80% of photovoltaic module equipment to the world, driving global wind power and photovoltaic power generation costs down by more than 60% and 80%, respectively.

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