China – the world’s largest emitter of greenhouse gases – says its carbon emissions will peak in 2030, and will be carbon neutral by 2060.
“We will accelerate the adjustment of the energy structure, while promoting energy supply security and low-carbon transition.” The National Development and Reform Commission (NDRC) said in a statement on March 22.
Accordingly, China will keep its annual crude oil production at 200 million tons, or 4 million barrels per day, and raise its annual natural gas production from 205 cubic meters in 2021 to more than 230 cubic meters in the next year. year 2025.
The country said it would “actively expand” research and development into resources such as shale oil and shale gas. At the same time, it will seek to establish coal-fired methane production facilities in the regions of Inner Mongolia, Xinjiang and Shanxi.
China also plans to increase its gas storage capacity to 55-60 volumetric meters, or 13% of total annual consumption by 2025, and complete the southern extension to the road, the NDRC said. Sino-Russian gas pipeline.
They said Beijing would encourage the development of ethanol, biodiesel and bio jet fuel, as long as it did not affect food security.
The country has shelved a plan to raise the percentage of ethanol blended in gasoline to 10% from 2020 due to a sharp drop in corn supplies and limited biofuel production capacity.
China aims to increase non-fossil fuel consumption from 16% in 2020 to 20% of total energy consumption by 2025, while controlling coal consumption in heavy industry including steel , chemicals and cement.
They said about 30 GW of thermal power capacity will be phased out over the period 2021-2025. In addition, the country aims to raise hydroelectric capacity to 380 GW and nuclear capacity to 70 GW by 2025.

The country plans to install pumped hydroelectricity with a capacity of at least 62 GW – a system that involves pumping water to a higher reservoir during off-peak times to generate electricity during peak hours. In addition, China also aims to convert more than 200 GW of power from thermal power plants into demand-responsive facilities during peak periods, in order to stabilize the grid operation when the use of renewable energy. create increase.
In addition, China also wants to launch a series of hydrogen energy projects, with the goal of improving the technology of hydrogen storage, transportation, application and fuel cells.

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