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In China, the sustainable market is rapidly growing by prioritizing renewable energy, green technology, and sustainable practices. The ambitious target set by the Chinese government is to reduce carbon emissions, increase the use of renewable energy, and demand growth for sustainable products and services.
A lot of companies are also investing in sustainable practices and eco-friendly solutions for meeting the demands of consumers and complying with regulations. The e-commerce and online platforms also support the initiative by easy access for consumers to sustainable products.
Some of the key aspects of sustainability in China are:-
- Renewable energy: China is one of the leading producers of solar, wind, and hydropower. An ambitious target has been set by China to increase its share of renewable energy and be a world leader.
- Energy efficiency: Several policies and programs have been implemented to increase energy efficiency in buildings, industry, and transportation to reduce greenhouse gas emissions.
- Climate Change: A target has been set to reduce greenhouse gas emissions and implement various policies such as carbon pricing and emissions trading to achieve them.
- Sustainable transportation: Similar to well-developed countries, China is investing heavily in electric vehicles and other sustainable public transportation.
- Green Industry: The country is focused heavily on renewable energy, energy efficiency, and green building industries.
Source: daxueconsulting, alizila, insiderintelligence