China to accelerate low-carbon transition on the basis of ensuring energy security
06 April 2022
The China Energy Administration has issued a new report, "Guiding Opinions on Energy Work in 2022", which outlines how China will strive to produce about 200 million tons of crude oil and around 214 billion cubic meters of natural gas in 2022. The country will also produce about 2.6 billion kilowatts of installed power capacity and more than 80 million kilowatts of new peak power generation capacity.
Image: Shengli Oil field
China is also looking to accelerate the pace of its green and low-carbon transformation on the basis of ensuring energy supply.
Guo Jiaofeng, a researcher at the Institute of Resources and Environmental Policy of the Development Research Center of the State Council, introduced the report and said that the current international energy supply and demand pattern has undergone significant adjustments and market prices have fluctuated sharply in recent months. Continuing to increase oil and gas exploration, development efforts, and strengthen energy storage and transportation capabilities will help improve the elasticity and resilience of energy supply, and ensure timely supply and stabilise prices when oil and gas supplies are tight in local areas and during individual periods.
"Green development, stable carbon reduction" is China's new basic principle of energy development. China will vigorously develop non-fossil fuel energy, focus on cultivating new energy industries and new models, and continue to optimise its energy structure. The proportion of non-fossil fuel energy in total energy consumption has increased to about 17.3%, and the proportion of wind power and photovoltaic power generation in the total electricity consumption has reached about 12.2%. In 2021, China's wind power and photovoltaic power generation accounted for 11.7% of the electricity consumption. In the whole year, the cumulative power generation of wind power and photovoltaics in China was 978.5 billion kWh, a year-on-year increase of 35%.
As part of its future energy transformation, China will vigorously develop wind power and photovoltaics, optimise the layout of offshore wind power, carry out demonstrations of far-reaching offshore wind power construction, and steadily promote the construction of offshore wind power bases. The country will also improve the guarantee mechanism for renewable energy power consumption, publish the weight of each province's consumption responsibility in 2022, and improve the green power certificate system for renewable energy power generation.
In addition, China will actively develop new energy industries and new models, as well as optimise the layout of the charging network and speed up the construction of charging facilities. The China Energy Administration also announced that it will organise the implementation of a Pilot Program for Central Heating and Comprehensive Utilisation of Nuclear Energy to promote the comprehensive use of nuclear energy.
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