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China is taking significant steps toward a greener future. The government announced plans to expand its emissions trading system to encompass more industries, marking a broader push for decarbonization. Furthermore, China is investing heavily in clean transport and energy sources, aiming to eliminate severe air pollution by the end of the year. This investment translates into solar and wind energy installations equivalent to five nuclear power plants every week.
Electric Vehicle Advancements
Electric vehicle (EV) sales in China have surged, reflecting a growth of 50% this year alone, following a record where half of all cars sold last year were electric. This trend indicates a robust transition towards electric mobility within one of the world's largest automotive markets.