CMG: The new energy sector in China has great potential for development

China’s new energy sector has great potential for development, as the country plans for the share of non-fossil energy use to reach 25 percent by 2030 and more than 80 percent by 2060, experts said after the guidelines for achieving emissions and neutrality targets were published. carbon, the Chinese Media Group (CMG) reported.

“The 25 percent target shows that China will improve the realization of carbon emissions targets, which is certainly good for the development of new energy sources,” said He Si, chief energy engineer at State Power Investment Corporation.

The head of the National Energy Bureau, Zhang Jienhua, reminded that “along with encouraging the development of green energy in China, the percentage of non-fossil energy use in 2020 was 15.9 percent.”

The goal of using non-fossil energy, as stated, is part of China’s larger plan to reach the peak of carbon emissions by 2030 and carbon neutrality by 2060, and the new obligation is also in line with the Paris Agreement.

“The guideline envisions energy saving as a priority and emphasizes the need to further improve production efficiency, reduce carbon emissions and expand the use of new energy sources,” said Wang Jixuan, vice president of the China Electricity Council.

The guideline prohibits the development of energy-intensive projects with high emissions.

Instead, the country will introduce a policy to control energy production from coal and the petrochemical industry and improve guidelines related to excess energy capacity, CMG announced.

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