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Davos: China reaffirms green agenda as US slams EU’s net-zero goal

At the World Economic Forum (WEF) in Davos, China reiterated its commitment to green development, in contrast to the United States, whose secretary of commerce said America should rely on oil and gas instead of pursuing a green transition and criticized the European Union’s (EU) net-zero target. US President Donald Trump, for his part, described the energy transition as a “scam” that caused an energy collapse in Europe.

Speaking at the WEF Annual Meeting 2026 in Davos, Switzerland, Chinese Vice Premier He Lifeng emphasized China’s resolve to reduce its greenhouse gas emissions, adding that the country’s upcoming five-year plan would keep the focus on green growth fueled by solar, batteries, and electric vehicles (EVs).

China’s Vice Premier urged other countries to help combat emissions

He also urged other nations and foreign companies to collaborate with China on creating “a green and prosperous future.”

“We invite enterprises from all over the world to embrace the opportunities from the green and low-carbon transition, and work closely with China in such areas as green infrastructure, green energy, green minerals, and green finance,” He said in a speech at Davos.

In contrast, US Commerce Secretary Howard Lutnick criticized the EU’s solar and wind development, as well as its net-zero goal, adding that the green transition is not something the US should pursue. Lutnick also said that the world should focus on coal as an energy source rather than renewables, according to reports.

In January 2025, President Donald Trump signed executive orders reversing much of the previous administration’s climate policy and withdrawing the US from the Paris Agreement once again.

US Commerce Secretary claims seeking net zero without battery production would make the EU subservient to China

“Why are you going to do solar and wind? Why would Europe agree to be net zero in 2030 when they don’t make a battery? So, if they go 2030, they are deciding to be subservient to China, who makes the batteries,” Lutnick said.

“Why would the US, which has oil and natural gas, try to convert to all-electricity? China does not have oil and natural gas – electricity and electric cars make perfect sense to them,” Lutnick said at a WEF panel.

According to news agencies, Lutnick’s harsh criticism of Europe at a VIP dinner on Tuesday made European Central Bank President Christine Lagarde walk out of the event.

Trump slams “the green new scam” and claims China sells wind turbines to others, but does not build its own wind farms

For his part, Trump also criticized the EU’s transition to renewables, claiming that the US had avoided “the catastrophic energy collapse which befell every European nation that pursued the green new scam.” He also described the green transition as “perhaps the greatest hoax in history.”

In his speech in Davos, the US president claimed that wind farms “lose money” and that China only sells wind turbines without building any wind farms itself.

“They sell them to the stupid people that buy them. They don’t use them themselves,” Trump said, adding that China has only built a “couple of wind farms” in order to “show people what they could look like.”

According to available data, China has the largest wind power capacity in the world, at around 600 GW.

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Davos: China reaffirms green agenda as US slams EU’s net-zero goal

At the World Economic Forum (WEF) in Davos, China reiterated its commitment to green development, in contrast to the United States, whose secretary of commerce said America should rely on oil and gas instead of pursuing a green transition and criticized the European Union’s (EU) net-zero target. US President Donald Trump, for his part, described the energy transition as a “scam” that caused an energy collapse in Europe.

Speaking at the WEF Annual Meeting 2026 in Davos, Switzerland, Chinese Vice Premier He Lifeng emphasized China’s resolve to reduce its greenhouse gas emissions, adding that the country’s upcoming five-year plan would keep the focus on green growth fueled by solar, batteries, and electric vehicles (EVs).

China’s Vice Premier urged other countries to help combat emissions

He also urged other nations and foreign companies to collaborate with China on creating “a green and prosperous future.”

“We invite enterprises from all over the world to embrace the opportunities from the green and low-carbon transition, and work closely with China in such areas as green infrastructure, green energy, green minerals, and green finance,” He said in a speech at Davos.

In contrast, US Commerce Secretary Howard Lutnick criticized the EU’s solar and wind development, as well as its net-zero goal, adding that the green transition is not something the US should pursue. Lutnick also said that the world should focus on coal as an energy source rather than renewables, according to reports.

In January 2025, President Donald Trump signed executive orders reversing much of the previous administration’s climate policy and withdrawing the US from the Paris Agreement once again.

US Commerce Secretary claims seeking net zero without battery production would make the EU subservient to China

“Why are you going to do solar and wind? Why would Europe agree to be net zero in 2030 when they don’t make a battery? So, if they go 2030, they are deciding to be subservient to China, who makes the batteries,” Lutnick said.

“Why would the US, which has oil and natural gas, try to convert to all-electricity? China does not have oil and natural gas – electricity and electric cars make perfect sense to them,” Lutnick said at a WEF panel.

According to news agencies, Lutnick’s harsh criticism of Europe at a VIP dinner on Tuesday made European Central Bank President Christine Lagarde walk out of the event.

Trump slams “the green new scam” and claims China sells wind turbines to others, but does not build its own wind farms

For his part, Trump also criticized the EU’s transition to renewables, claiming that the US had avoided “the catastrophic energy collapse which befell every European nation that pursued the green new scam.” He also described the green transition as “perhaps the greatest hoax in history.”

In his speech in Davos, the US president claimed that wind farms “lose money” and that China only sells wind turbines without building any wind farms itself.

“They sell them to the stupid people that buy them. They don’t use them themselves,” Trump said, adding that China has only built a “couple of wind farms” in order to “show people what they could look like.”

According to available data, China has the largest wind power capacity in the world, at around 600 GW.

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WEF: Global energy transition picks up pace

The global energy transition is picking up pace, with the World Economic Forum’s (WEF) latest report showing the fastest progress since before the COVID-19 pandemic. Overall improvement on the WEF’s Energy Transition Index (ETI) was recorded in 65% of the countries observed, with the Emerging Europe region posting the strongest growth.

The report, titled Fostering Effective Energy Transition 2025, tracks the performance of energy systems of 118 countries across three dimensions – security, sustainability, and equity.

The equity segment showed the strongest gains, thanks to stable energy prices and subsidy cuts, while sustainability improved thanks to increased renewable energy adoption and improvements in energy efficiency. However, energy security stagnated due to inflexible power systems, reliance on imports, and limited diversification, highlighting the need for resilient grids, digitalization, and investment.

Energy security stagnated due to a lack of flexibility and diversification

The WEF also noted that despite USD 2 trillion in clean energy investment in 2024, global emissions hit a record 37.8 billion tons in the hottest year on record, as energy demand rose 2.2%, driven by artificial intelligence (AI), data centers, cooling, and electrification.

Global carbon emissions hit a record 37.8 billion tons in 2024 despite investment in clean energy

In 2025, 77 out of 118 countries recorded an increase in their overall ETI scores, with an average gain of 1.1%, as 28% achieved gains across all three dimensions, according to the report.

Advanced European economies top ETI rankings

Advanced economies continued to lead the rankings, accounting for 16 of the top 20 performers. The top five positions are occupied by Sweden, Finland, Denmark, Norway, and Switzerland, thanks to their strong performance in energy diversification, clean energy adoption, robust policy frameworks, and reliable infrastructure.

Also among the top 10 are Austria, Latvia, the Netherlands, Germany, and Portugal. China rose to a record 12th place, while the United Kingdom ranked 16th, and the US ended in the 17th spot.

Bosnia and Herzegovina posts strongest growth

The Emerging Europe region, which includes former Soviet republics and Southeast European countries, recorded the highest score increase in 2025, of 2.8% year on year. Latvia scored the highest on the ETI index, while Bosnia and Herzegovina posted the strongest growth.

The highest-ranking countries in the region tracked by Balkan Green Energy News are Bulgaria and Romania, with an overall score of 63.7 each, occupying the 29th and 30th spots, respectively.

Albania took 37th place with a score of 61.5. North Macedonia was 66th, with an overall score of 54.2, and Bosnia and Herzegovina came in 72nd, with 53.1. They are followed by Serbia, in 81st place, and Montenegro, which is 83rd.