China will play a leading global role in expanding clean and renewable energy capacity in the coming years, according to a newly released report.
The APAC Climate Action Progress Report published by MSCI, a U.S.-based investment data firm, shows that up to 60 percent of the additional global capacity for generating renewable energy, including solar, wind, nuclear and battery storage, will be developed in the Asia-Pacific region between 2022 and 2030.
Within the region, China and India together will account for nearly two-thirds of the additional capacity over this period.
The International Energy Agency estimated that by the end of this year, China will deliver more than 60 percent of all new wind projects and half of all solar-photovoltaic projects worldwide.
The country is also the world's top sustainable-debt market by outstanding loans.
China to lead global expansion in clean energy capacity this decade: report
The new China-Mongolia cross-border railway is expected to serve as a new bridge for boosting connectivity between the two countries, Chinese Foreign Ministry spokesman Lin Jian said in Beijing on Thursday.
China and Mongolia held a groundbreaking ceremony on Wednesday to mark the official launch of construction on the Gantsmod–Gashuunsukhait rail project, which will be the second cross-border rail link between the two countries.
Lin said at a regular press briefing that the railway would inject new momentum into the development of China-Mongolia bilateral relations.
"On May 14, China and Mongolia held a ceremony to mark the official groundbreaking of the Gantsmod-Gashuunsukhait cross-border railway, which is the second cross-border railway between the two countries. Expanding cooperation in key areas such as economy and trade, energy, mining and connectivity is an important common understanding between President Xi Jinping and Mongolian President Ukhnaa Khurelsukh. In February this year, Premier Li Qiang and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene jointly witnessed the exhibiting of the cooperation agreement on the Gantsmod-Gashuunsukhait railway and coal trade," said Lin.
"The construction of this cross-border railway is not only a concrete step of implementing the important common understanding between the presidents of the two countries, but also an important action to synergize the Belt and Road Initiative and Mongolia's Steppe Road Program. We hope this railway will serve as a new bridge for China-Mongolia connectivity, fostering deeper development integration, promoting industrial synergy, and expanding visits and exchanges, thereby injecting new impetus in to the building of a China-Mongolia community with a shared future," he said.
New cross-border railway to enhance connectivity between China, Mongolia: FM spokesman
