China Puts Forward Modern Energy System Plan During 14th Five-Year Plan Period

China’s National Development and Reform Commission issued an announcement on Tuesday, putting forward the main objectives of constructing a modern energy system during its “14th Five-Year Plan” Period.

The “14th Five-Year Plan” Period looks to lay a foundation for achieving peak carbon dioxide emissions before 2030 and, subsequently, achieving carbon neutrality before 2060. The government sees it as necessary for the country to jointly promote the low-carbon transformation of energy, guarantee supply, and the form the development of a greener lifestyle.

The main goal put forward in the plan is that the country will be able to cap its annual energy production at 4.6 billion tonnes of standard coal equivalent by 2025, while the annual output of crude oil will stabilize at 200 million tons. The annual output of natural gas is expected to reach more than 230 billion cubic meters, while the installed electricity capacity will reach about 3 billion kilowatts, the commission said.

According to the plan, efforts should be made to solve the problem of the tight supply and demand of coal and electricity in Northeast China, Hubei, Hunan and Jiangxi. In terms of livelihood, the per capita annual electricity consumption is set to reach about 1,000 kWh, and the coverage of the natural gas pipeline network will be further expanded.

By 2025, the proportion of non-fossil energy consumption will increase to about 20%, and the proportion of non-fossil energy power generation will reach about 39%. In addition, the proportion of flexibly regulated power supply will reach about 24%.

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Further, the country is looking to promote the uptake of new energy vehicles in urban public transportation situations. By 2025, the sales volume of new energy vehicles will reach about 20% of the total auto sales volume. To support the sales goal, the infrastructure for charging these vehicles is currently being set up. Stations combining photovoltaic systems, storage, charging and power swaps will be piloted in several regions across the country.