China’s Energy Technology Innovation and Industrial Development Under the “Dual Carbon” Goals

In the joint action with the international community to fight against climate change, China set the goal of achieving carbon peaking by 2030 and carbon neutrality by 2060. This is not only China’s response to the international community to tackle climate change, but also a great driver for the high-quality development of China’s economy. However, to achieve the dual carbon goal, China faces dual challenges in time and difficulty. To address these challenges, the priority is to vigorously develop low- and zero-carbon energy sources, especially renewable energy sources, including photovoltaic, wind and hydropower, as well as new types of renewable energy sources, such as geothermal and solar thermal energy. The key to the development of such energy is technological innovation, through which we can transform and upgrade traditional industries, accelerate the development of emerging industries, and truly achieve the dual carbon goals. In this chapter, we will discuss the current status, challenges and development trends of the industries and technologies related to renewable energy, energy storage, hydrogen energy and carbon capture, utilization and storage (CCUS).