"Fifteenth Five-Year Plan" New Requirements: Advance Energy Structure Transformation and Improve Energy Security Levels

Source: CCTV News App

On the 13th, the “14th Five-Year Plan” outline was officially released. For the first time, the “Energy Power” development was included in the five-year plan, and a systematic plan for China’s energy development over the next five years was outlined. The plan sets higher requirements for energy structure adjustment, with expert interpretations as follows:

During the “14th Five-Year Plan” period, China will fully implement dual controls on total carbon emissions and intensity. The outline clearly states that by 2030, CO2 emissions per unit of GDP will decrease by 17%. This means that while ensuring reasonable economic growth, China’s energy consumption structure must undergo a fundamental transformation. Experts believe that in the next five years, most of the increase in energy consumption will need to be met by non-fossil energy sources.

Lin Weibin, Director of the Energy Policy Research Office at the China Energy Research Society: Balancing economic growth and carbon reduction is fundamentally about promoting energy structure transformation by vigorously developing non-fossil energy. In the next five years, about 70% of China’s energy consumption growth will be met through non-fossil energy sources.

To ensure supply growth, the plan deploys a tenfold increase in non-fossil energy over the next decade and sets higher requirements for energy structure adjustment. China will accelerate the construction of a new energy system and promote the integrated development of traditional and new energy sources.

Lu Riquan, International Energy Strategy Scholar: The “14th Five-Year Plan” is a crucial period for China to achieve its peak carbon emissions goal. The plan proposes a series of requirements to push coal and oil consumption to peak. First, to build a beautiful China as scheduled; second, to improve energy security and reduce dependence on fossil fuels, ensuring that energy remains firmly in our own hands.

The plan also emphasizes building a new power system and comprehensively enhancing the system’s complementarity, resilience, and safety. Experts say that in this system, traditional energy will still play a “ballast” role in peak regulation, and oil and gas will continue to highlight their attributes as industrial raw materials. Moving from dual control of energy consumption to dual control of carbon emissions, and from scale expansion to systemic reshaping, the energy transition during the “14th Five-Year Plan” will lay a solid energy foundation for the basic realization of socialist modernization by 2035.

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