- China reaffirms its commitment to phasing out fossil fuels in favor of renewable energy.
- The country has already met its 2030 wind and solar power installation target, six years ahead of schedule.
- Ongoing reforms in the electricity sector emphasize market orientation and expanding green energy initiatives.
China remains steadfast in its commitment to transitioning toward a low-carbon economy by gradually reducing its reliance on fossil fuels.
The National Energy Administration (NEA) recently underscored the importance of reforming the electricity system, with a focus on expanding the spot market and promoting green electricity trading.
China Advances Renewable Energy Reforms Amid Global Leadership Role
Despite achieving significant milestones, including the early completion of its 2030 wind and solar power installation target, China’s power system still heavily depends on coal. While there are calls for more ambitious renewable energy goals, the NEA has not committed to any new targets, stating that future objectives will be determined based on national conditions. The country’s leadership in renewable energy, however, continues to shape the global energy landscape.
In the past year, China invested $676 billion in its energy transition, reflecting its commitment to becoming a global leader in renewable energy. This investment represents 38% of the global total, positioning China as a key player in the global fight against climate change. Despite this progress, coal remains a significant part of the energy mix, presenting challenges for further reducing carbon emissions.
China’s early achievement of its 2030 target for wind and solar power installations demonstrates the country’s rapid progress in renewable energy development. Meeting this goal six years ahead of schedule is a testament to the effectiveness of China’s energy policies and its capacity for large-scale implementation. However, the NEA has refrained from setting more ambitious targets, opting instead to tailor future goals to the nation’s evolving needs.
Looking ahead, China’s energy transition will likely involve balancing continued renewable energy expansion with the gradual reduction of coal dependence. As the country navigates this complex landscape, its approach to reforming the electricity system and fostering market-oriented solutions will be critical. China’s leadership in the global energy transition underscores its potential to shape a more sustainable future.
China’s commitment to low-carbon reforms and renewable energy expansion is reshaping its energy landscape, setting a global example while confronting the challenges of reducing fossil fuel reliance.
“The dual carbon target will not be changed, and the major targets we have committed to will not be moved.” — Song Wen, Deputy Director, NEA Planning Department.
