To embrace carbon-neutral economy, China’s new energy companies need to strategically approach their internationalization through the lens of the global industrial landscape

To embrace carbon-neutral economy, China’s new energy companies need to strategically approach their internationalization through the lens of the global industrial landscape

To embrace carbon-neutral economy, China’s new energy companies need to strategically approach their internationalization through the lens of the global industrial landscape. 

Wang Shi, Chairman of Vanke Foundation 

China has made significant progress in photovoltaics, wind power, and new energy vehicles. While some critics may attribute these achievements solely to “government subsidies”, the reality is that technological innovation and widespread adoption and use of clean products, in addition to supportive policies, are critical to the industry’s success.  

As companies seek to internationalize, it is necessary to have a full understanding of the global industrial landscape. For example, cooperation between companies from China, the United States and Japan has great potential to promote carbon neutrality. Each country has different strengths in the global green transition, and cooperation between companies can promote mutual benefits in technology, markets, and policies. As a highly industrialized nation, Japan has made significant progress in innovation and implementation of carbon trading. The United States has the largest global market, abundant financial resources, and strong capabilities in technological innovation. China excels in the application and promotion of new energy technologies, especially in large-scale deployment. By joining forces, companies from these three countries can not only drive the green transition in their domestic markets, but also jointly tap global markets. Rather than looking at a country’s market in isolation, it is necessary to work together to promote a carbon-neutral economy. 

Link to the original article

Close Menu