On September 24, 2025, President Xi Jinping delivered a video speech at the United Nations Climate Change Summit, announcing China's new round of Nationally Determined Contributions, charting the course for global climate governance cooperation, and exerting profound impacts on the development of green industries such as PV and hydrogen energy.
The speech explicitly stated that by 2035, the proportion of non-fossil energy consumption in China's total energy consumption will reach over 30%, and the total installed capacity of wind and solar power will be more than six times that of 2020, striving to reach 3.6 billion kW. This ambitious goal provides top-level design and strong impetus for the high-quality development of the energy equipment industry, particularly in the PV and hydrogen energy sectors.
I. The PV Industry Ushers in Opportunities for Large-Scale Development
The wind and solar power installation target set in the speech directly anchors the vast potential for large-scale development of the PV industry. Achieving "more than six times" growth implies maintaining high installation growth rates over the next decade, providing long-term and certain market demand for the entire industry chain, from polysilicon and modules to power plant development, operation, and supporting ESS.
This policy orientation aims to accelerate the energy structure transition, supporting the goal of reducing overall societal emissions by 7%-10% by expanding the green energy industry. The intelligent and high-end development of PV equipment, along with its integrated applications in sectors like construction and transportation, will become key focuses for technological breakthroughs and industrial upgrading.
II. Hydrogen Energy's Strategic Position and Full-Chain Development Path Are Strengthened
Although the speech did not explicitly mention hydrogen energy, its targets for energy structure and end-use applications outline a clear strategic development path for hydrogen energy, particularly green hydrogen.
In the production segment, the massive wind and solar power installation targets provide application scenarios and market demand for developing efficient, highly reliable water electrolysis equipment adapted to fluctuating power supplies. Large-scale off-grid hydrogen production technology is regarded as one of the key solutions for integrating unstable renewable energy.
In the storage, transportation, and application segments, the speech's requirement that "new energy vehicles become the mainstream of new vehicle sales" provides clear policy endorsement for the expansion of hydrogen fuel cell vehicle applications. Simultaneously, to achieve deep decarbonization, key equipment such as long-duration hydrogen energy storage, hydrogen-blended/pure hydrogen gas turbines, and large-power fuel cells will receive stronger impetus for breakthroughs and application in industries like manufacturing and power.
III. Policy Environment and International Cooperation Provide Dual Safeguards
To ensure the achievement of the targets, the speech emphasized the importance of deepening international cooperation and building a supportive policy environment.
Regarding market mechanisms, "covering major high-emission industries in the national carbon emission trading market" will provide economic incentives through carbon pricing mechanisms for the cost competitiveness of PV power generation and the deep decarbonization value of green hydrogen, accelerating their marketization process.
In terms of international cooperation, it calls for "strengthening international collaboration on green technologies and industries" and "ensuring the free global flow of high-quality green products." This will benefit China's dominant PV industry chain in participating in the global market and create favorable conditions for joint R&D and standardization of cutting-edge technologies such as hydrogen energy.
The proposal of nationally determined contributions reflects the firm commitment at the national level to green and low-carbon transformation. Relevant departments and local governments are expected to formulate differentiated implementation plans and supporting policies accordingly, jointly promoting the realization of this grand blueprint, facilitating the construction of a new-type energy system, and contributing to global climate governance.
