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- The 14th Five Year Plan foresees China achieving peak CO2 emissions before 2030 and reaching carbon neutrality by 2060. It also intends to supply 20% of its total energy consumption from non-fossil fuels in 2025.
- The electricity and hydrocarbon sectors are dominated by large state-owned organisations.
- The share of coal in the power mix has decreased by 15 points since 2011 to 63% in 2021
- In 2020, a market-based system was introduced for industrial electricity users.
- Gas prices in industry are similar to Japan and Korea, but much lower for households.
- After a slowdown due to the Covid-19 outbreak in 2020, energy consumption recovered in 2021 (+5%), with growth over 10% for electricity and gas.
- Coal dominates the energy mix (60% in 2021), but its share is decreasing rapidly (-11 points since 2010).
- Although subsidy cuts have been announced, renewables are still attracting investors with large-scale projects.
- Despite a cap on coal mine production, new projects continue to increase the coal capacity.
energy consumer and in new power capacities
of world energy- related CO2
emissions in 2021