China will hit 1,200GW wind and solar target this year, IEA says

China will have 1,200 gigawatts (GW) of installed wind and solar energy capacity by the end of 2024 — a full six years earlier than the government had targeted, according to the International Energy Agency’s estimates.

Why it matters: The IEA says the unrivalled renewables boom underway in the world’s second-largest economy has increased the chances that we’ll meet a key COP28 resolution: Tripling global renewable energy capacity to 11,000GW by 2030.

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