Already a Multi-Trillion-Dollar Market 2025

China’s renewable energy growth vs. EU, US, ROW (1980-2024) FIGURE 9 Renewable energies’ share of primary energy consumption (%, 1980-2024)Renewable electricity capacity additions (GW, 2015-2024)China has significantly electrified its energy mix and leads global renewables growth 0%5%10%15%20%25% 1980 1990 2000 2010 2020 2030200400600800 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024~ ~40% ~40% ~45% ~40% ~30%~50% ~50% ~50%~60%~60% China Rest of world (ROW) European Union +3.3% United States +2.4%China +3.8% CAGR 1980-2024: 0 China is accelerating electrification faster than any other economy Electrification across key sectors (% share of final energy consumption, 1980-2023) China European union United States020%40%60%Buildings 10%20%30%40% 0Industry 1980 2000 2020 1980 2000 2020 1980 2000 202002%4%6%TransportNotes: Renewable electricity capacity additions refer to net additions. 2024 values are based on both actual and estimated additions. Sources: see endnote.34 China leads the global path towards an “electric economy” Electricity now covers more than 35% of energy use in buildings, 30% in industry and 4% in transport (see Figure 10). With over 12 million charging stations and the largest global market for electric vehicles, China has become the world leader for transport electrification.35 As a result, China now matches or surpasses Europe in each of these sectors and Chinese national emissions fell for the first time in 2025, even as economic activity and energy demand continued to rise.36,37 China’s electrification of key sectors, vs. EU & US (1980-2023) FIGURE 10 Source: Rocky Mountain Institute (RMI) analysis of International Energy Agency data.38 Already a Multi-Trillion-Dollar Market: CEO Guide to Growth in the Green Economy 18