China’s State Council has unveiled an action plan for energy conservation and carbon reduction for 2024-2025. The plan notably aims at reducing energy consumption by approximately 2.5% and CO2 intensity (i.e., CO2 emissions per unit of GDP) by around 3.9% in 2024. In addition, the proportion of non-fossil energy consumption should reach around 18.9% in 2024 and 20% in 2025.
According to the plan, the energy intensity (energy consumption per unit of added value) of industrial enterprises above a designated size must be reduced by around 3.5% in 2024. Moreover, both in 2024 and 2025, the plan expects that energy conservation and carbon reduction transformations in key sectors and industries will result in a reduction of around 50 Mt of standard coal and a decrease in emissions by around 130 MtCO2.
China aims to reach peak carbon emissions by 2030 and attain carbon neutrality by 2060.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.