Abstract: Since the Paris Agreement was signed, it has become a broad consensus of the international community to promote global carbon neutrality. Green energy development is the key to achieving carbon neutrality; Hydropower, as a highly flexible renewable energy, will play an important role in the transformation of the global energy structure. The current hydropower development situation is different across the world, due to the difference in economic development levels, hydropower potentials, and the degree of development. And the development of global hydropower faces both opportunities and challenges under the current complex context of global energy transition, climate change, environmental policy impact, and geopolitical conflicts. In recent years, China is leading the development of hydropower and has made remarkable progress. Therefore, the global hydropower industry needs to speak up and take active measures to formulate development strategies from various aspects, deepen the energy revolution, drive the sustainable development of hydropower globally, and push it to continue to play a role as the backbone of tomorrow's novel energy system for a smooth realization of carbon neutrality.

Key words: carbon neutrality, climate change, renewable energy, hydropower, trend analysis, China’s role