Fluctuating oil prices force energy transition, with clean energy-related companies experiencing over 3 times growth in stock over the past decade

The geopolitical conflicts in the Middle East have driven up international oil and gas prices, prompting our country to accelerate its energy transition. At the national level, signals have been released to promote the development of green fuels, emphasizing their importance in ensuring energy security. In March 2023, the China International Clean Energy Expo was held in Beijing, showcasing the evolution of the clean energy industry chain. According to Qichacha data, the stock of domestic clean energy companies has increased more than threefold in the past decade, and it is expected to reach 6.0272 million by 2025, an increase of 331.3%. Companies established for 5-10 years account for the highest proportion, indicating the vitality and expansion potential of the industry