{"id":170188,"date":"2025-09-04T00:01:00","date_gmt":"2025-09-03T14:01:00","guid":{"rendered":"https:\/\/www.climatecouncil.org.au\/?post_type=resource&p=170188"},"modified":"2025-09-04T12:57:55","modified_gmt":"2025-09-04T02:57:55","slug":"power-shift-the-us-china-and-the-race-to-net-zero","status":"publish","type":"resource","link":"https:\/\/www.climatecouncil.org.au\/resources\/power-shift-the-us-china-and-the-race-to-net-zero\/","title":{"rendered":"Power Shift: The US, China and the Race to Net Zero"},"content":{"rendered":"\n

The world is rapidly shifting to renewables as the Trump administration retreats and China advances. <\/h3>\n\n\n\n
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Download the power shift report<\/a><\/div>\n<\/div>\n\n\n\n

The global energy transformation is gathering speed. Low-emissions energy sources (including renewables and nuclear) now generate more than 40%<\/a> of the world\u2019s electricity. In 2025, investment in renewables is set to hit AU$3.4 trillion<\/a> \u2013 twice as much as global investment in coal, oil and gas. Renewable power generation is expected to overtake coal-fired generation<\/a> in 2025 or 2026, with coal\u2019s share of generation dropping below 33% for the first time in a century. By 2030, global renewable generation is expected to nearly double<\/a> \u2013 meeting the combined power demand of China and the United States. Meanwhile, dozens of countries have committed to phase out fossil fuels<\/a> and end subsidies<\/a> that prop up coal, oil and gas.<\/p>\n\n\n\n

This progress is significant, but we still have a long way to go. To avoid the worst impacts of climate change, we must maintain and accelerate this momentum. The Trump administration\u2019s retreat from climate leadership and its rollback of support for science and clean energy has created new headwinds. Yet many US states<\/a> and companies<\/a> remain committed to net zero and are driving action from the ground up.<\/p>\n\n\n\n

Further, the US\u2019s federal retreat has opened up space for other nations to lead. China has reinforced its role as an emerging clean energy powerhouse, reaffirming its commitment to climate action and the global shift to net zero. Other major economies and trading partners \u2013 such as the UK, India, the EU, Japan and South Korea \u2013 are rapidly shifting to renewables and reshaping trading prospects for Australia.<\/p>\n\n\n\n

As the Australian Government considers its 2035 climate target, Australia has the opportunity to open up new, future-focused export opportunities.<\/p>\n\n\n\n

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Download the power shift report<\/a><\/div>\n<\/div>\n\n\n\n
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Key Findings<\/h2>\n\n\n\n

1. In the US, states and businesses are charging ahead with action on climate change, despite opposition from the Trump administration.<\/h3>\n\n\n\n