Analysis: China’s clean-energy exports in 2024 alone will cut overseas CO2 by 1%

China’s exports of clean-energy technologies such as solar panels, batteries and electric vehicles are increasingly helping to cut emissions in other countries.

Such exports in 2024 alone are already shaving 1% off global emissions outside of China and, in total, will avoid some 4bn tonnes of carbon dioxide (GtCO2) over the lifetimes of the products.

Moreover, the global CO2 savings from using these products for just one year acts to more than outweigh the emissions from manufacturing them.

This new analysis for Carbon Brief is based on a detailed assessment of clean-technology export flows, the carbon footprint of manufacturing these products and the “carbon intensity” of electricity generation in destination countries.

Other key findings from the analysis include:

  • The solar panels, batteries, electric vehicles (EVs) and wind turbines exported from China in 2024 are set to cut annual CO2 emissions in the rest of the world by 1%, some 220m tonnes (MtCO2).
  • Manufacturing these products resulted in an estimated 110MtCO2 within China in 2024, implying that the upfront CO2 emissions are offset in much less than a year of operation.
  • Over the expected lifetime of these products, their manufacturing emissions will be offset almost 40-fold, with cumulative CO2 savings reaching 4.0GtCO2.
  • When factoring in China’s plans to build overseas manufacturing plants for clean-energy products, as well as to construct overseas clean-power projects, the avoided CO2 increases to 350MtCO2 per year. This is 1.5% of global emissions outside China and almost equal to the annual emissions of Australia.
  • The largest emission reductions are associated with direct clean-technology equipment exports – particularly solar panels – followed by manufacturing at Chinese factories overseas, with overseas projects financed by Chinese investors a distant third.
  • China’s clean-energy footprint almost spans the entire world, with exports to 191 of the 192 other UN member states, as well as manufacturing and project finance investments in dozens of countries.
  • Clean-energy exports from China in 2024 alone, along with its overseas investments from 2023 and 2024, are set to cut emissions in sub-Saharan Africa by around 3% per year once completed and in the Middle East and north Africa (MENA) region by 4.5%.

China’s rapid expansion in clean-energy manufacturing and exports is already reshaping emissions trajectories in several key regions.

While China dominates the supply of equipment, however, most of the financing for clean-energy development outside of China is provided by others, with around three-fourths of the value from clean-energy projects and products being captured in other countries.

Nevertheless, Chinese industries stand to benefit from increased exports as global demand for clean-energy technologies grows – and there are signs that this is already starting to shift China’s political and diplomatic stance on climate action.

Read the full analysis here on Carbon Brief.