China backs Saudi Arabia’s massive energy storage project in Neom, aiming to cut CO2 emissions.

China is supporting Saudi Arabia's Neom city with the world's largest energy storage project, a 1.3 GWh venture, part of Saudi Arabia's "Vision 2030" to achieve 100% clean energy, reducing CO2 emissions by nearly 500,000 tonnes annually. China has been promoting global green development through initiatives like the Belt and Road and the Asian Infrastructure Investment Bank. President Xi Jinping emphasized building a fair global governance system at the G20 Summit, calling for improvements in economic, financial, trade, and digital governance.

November 20, 2024
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