BEIJING, Dec. 9 (Xinhua) -- China's carbon neutral market scale is expected to reach nearly 15 trillion yuan (about 2.36 trillion U.S. dollars) by 2050, reported Shanghai Securities News on Wednesday citing a report.
According to the report, which was unveiled during the opening ceremony of China Super Makers Month on December 7, China's transition to clean energy will generate huge investment market in seven fields, including renewable energy utilization, energy efficiency, electrification of the end energy consumption, clean power generation technology, energy storage, hydrogen power and digitalization.
The report also estimates that, between 2020 and 2050, about 70 trillion yuan (about 11 trillion U.S. dollars) will be leveraged for both direct and indirect investment in infrastructure. The investment will cover basic infrastructure in an effort to boost the development of high-speed railways and intercity railways.
Analysis from the Energy Research Institute of the National Development and Reform Commission shows, in the next 30 years, China will invest 100 trillion yuan (about 15.76 trillion U.S. dollars) in the construction of energy infrastructure to achieve its goal of carbon neutrality. (Edited by Zhang Yaru with Xinhua Silk Road, mcxmzyr2@163.com）
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