The global energy transition is urgent, requiring a swift shift from traditional fossil fuel-based energy systems to those dominated by renewable sources such as wind and solar power. This transition not only aims to reduce greenhouse gas emissions and address climate change challenges but also provides sustainable energy security for global economic development.

One of the key objectives for countries in this transition is to achieve the “Triple Renewable Energy Target by 2030”, which seeks to increase global renewable energy capacity to 11,000 GW by 2030. This goal is closely tied to the rapid development of critical technologies like solar, wind, electric vehicles (EVs), and batteries. As the demand for these technologies rises, so too does the need for critical minerals in renewable energy supply chains, such as nickel and cobalt, whose extraction and processing have seen a significant surge.

China, with its advantages in technology, cost management, and production scale, plays a crucial role across the upstream and downstream segments of the global solar, wind, EV, and battery supply chains. Additionally, as China speeds up the upgrade of its new energy equipment, it is expected to see the first wave of large-scale decommissioning of wind turbines by the end of the 14th Five-Year Plan, and solar PV modules are likely to hit their retirement peak around 2030. Exploring the development of circular economy in the renewable energy sector will not only support resource conservation and comprehensive utilization but also present new opportunities for local economic growth and job creation.

We are committed to advancing the low-carbon and circular development of the clean energy supply chain both in China and internationally. Our aim is to build a “resilient clean energy supply chain” to support the global energy transition, ensure the sustainability of critical mineral supply chains, and accelerate the adoption and application of new energy technologies.