| ETF Empowering Investors in China's Transition to Sustainable Economy
August 26, 2024--According to International Energy Agency's forecasts, renewables will surpass coal to become the largest source of global electricity generation in 2025 and account for over 42% share in 2028, signifying a significant shift in the global power mix. |
| In China, there has been an accelerating transformation with renewable power generation capacity has surpassed coal-fired electricity in the first half of 2024, capturing 38% of the market share. [1] This rapid evolution in the new energy sector has created attractive investment opportunities in area such as clean, renewable energy and low-carbon transition of thermal power plants and steel manufacturing. |