Forecast: Share of Renewable Energy and Nuclear Energy Use in China

In 2024, the share of renewable and nuclear energy use in China is projected at 6.73% of the total energy use. This forecast indicates a consistent upward trend, with year-on-year increases of approximately 2.38% from 2024 through 2028, reaching 7.35% by the end of the period. While the compound annual growth rate over these five years is around 2.24%, highlighting the steady growth in renewable and nuclear energy utilization compared to previous years' stagnancy.

Future trends to watch for include:

• Enhancement in technology and reduction in costs for renewables, which may accelerate adoption.
• China's policy focus on reducing carbon emissions to align with global environmental commitments.
• Potential geopolitical influences on energy policies and economic conditions influencing investment in energy infrastructure.
• Continued innovation in energy storage and smart grid technologies facilitating higher integration of renewable sources.