China
Powerful prospects for renewable energy
Editorial  ·  2022-06-13  ·   Source: NO.24 JUNE 16, 2022

China's electricity from renewable sources will reach 3.3 trillion kWh by 2025, read the renewable energy development plan for the 14th Five-Year Plan (2021-25) period on June 1. According to the plan, jointly issued by the National Development and Reform Commission, the National Energy Administration and other seven central government departments, the growth in power from renewable sources will account for more than 50 percent of the country's total increase in power consumption during this time. The target will lift China's renewable energy development to a new level.

The 14th Five-Year Plan period is critical for advancing the green and low-carbon transition of the energy mix and fulfilling China's nationally determined contributions to the fight against climate change. The country's dynamic development of its renewable energy marks a major step in promoting the energy revolution and ensuring national energy security. Additionally, it is a requirement for meeting China's sustainable development objectives, as well as its carbon peaking and neutrality goals.

By late 2020, China's cumulative installed capacity for renewable energy had reached 934 million kW, accounting for 42.5 percent of the country's total power generation capacity. For many years now, China has ranked No.1 in the world in the installed capacity of wind, photovoltaic, hydro and biomass power generation.

Renewable energy power generation has been swiftly expanding across China, but its share in the increase of energy consumption is still lower than the average international level. Plus, the utilization of renewable energy needs to become more diversified.

The 14th Five-Year Plan period and beyond will be important for the world's energy transformation: Global energy will accelerate its evolution toward a low-carbon or zero-carbon pattern, and renewable energy will grow into the main source of energy supporting economic and social development. The newly released plan pledges, for example, to step up innovation in related technologies, strengthen future studies in the field and speed up breakthroughs in cutting-edge technologies in the development and utilization of renewable energy. The blueprint will provide impetus for the high-quality development of renewable energy, which today holds many great strategic prospects. 

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