Renewables Overtake Coal in Global Electricity Generation by 2025

The International Energy Agency predicts that renewable energy will become the largest source of global electricity generation by 2025, overtaking coal. This shift is particularly evident in China, where renewables have already captured a significant market share. E Fund Management is capitalizing on this trend with various ETFs targeting clean energy investments.

The International Energy Agency has forecasted a groundbreaking shift in global electricity generation. Renewables are set to surpass coal as the largest source by 2025, accounting for over 42% of global power by 2028. This trend is prominently observed in China, where renewable power generation exceeded coal-fired electricity in the first half of 2024, capturing 38% of the market share.

This rapid evolution in the new energy sector presents lucrative investment opportunities, particularly in clean, renewable energy and the low-carbon transition of thermal power plants and steel manufacturing. Capitalizing on these trends, E Fund Management, China's largest mutual fund manager, offers various ETFs, including the CSI New Energy ETF and the E Fund Carbon Neutral 100 ETF, both of which are part of the mainland China—Hong Kong ETF Connect.

Additionally, China is driving a broad green transformation, exemplified by the electric vehicle industry's growth. The CNI New Energy Battery Index focuses on energy storage system battery manufacturing, with promising prospects for 2024, including an anticipated net profit growth rate of 22.6%. E Fund Management's robust portfolio underscores its commitment to sustainable investment.

(With inputs from agencies.)