National Business Daily:

The white paper introduces the status of China's energy transformation. What advanced experiences and practices does China have in energy transformation? And what solutions has China contributed to the global energy transformation? Thank you.

Zhang Jianhua:

Thank you for your questions. I will address this. China's energy transformation faces two main challenges: ensuring energy security and accelerating green and low-carbon development. China has proposed a new energy security strategy and achieved significant results in energy transformation, forging a path that aligns with our national conditions and meets the requirements of the times. Our work has focused on five key areas:

First, we have established the vision of building a global community of shared future. We have proposed and implemented the vision of a global community of shared future and a community of life for humanity and nature, and taken an energy transition path of openness and cooperation to promote global sustainable development. Adhering to the principles of extensive consultation, joint contribution, and shared benefits, we have deepened energy transition cooperation with all countries under the Belt and Road Initiative framework and contributed China's strength to global green and low-carbon energy transition, in a bid to benefit people and the world.

Second, we have turned development blueprints into tangible projects. China has set goals for peak carbon emissions and carbon neutrality, fully harnessing the guiding role of national strategic plans. We have formulated medium- to long-term and five-year overall plans for the energy sector as well as plans for the development of renewable energy. These set specific goals, tasks and paths for green and low-carbon energy transition and development, which we have steadfastly advanced.

Third, we have focused on coordinating supply and demand. We have taken solid steps in "addition and subtraction" in this regard. On the supply side, we have delivered a strong performance in "addition" by improving the quality and expanding the quantity of non-fossil fuels. We have vigorously developed non-fossil energy, continuously optimized the energy structure and increased the proportion of non-fossil fuels in new energy demand. On the consumption side, we have excelled in "subtraction" through energy conservation and carbon reduction. Adhering to the principle that energy conservation is a primary energy source, we have tightened control over fossil fuel consumption, accelerated the clean and efficient use of fossil energy, and mobilized all sectors of society to use green energy and implement clean substitutes.

Fourth, we have established the new before abolishing the old and advanced energy transition in a well-ordered way. We have coordinated development and security, accelerating the transition while ensuring a safe and stable supply of energy. We have expedited the construction of a new electricity system, boosted the capacity of power grids to absorb new energy sources, and implemented reliable substitutes for fossil fuels in a well-ordered way. At the same time, we have also given full play to the supporting and guaranteeing role of traditional energy, promoting synergy and complementarity between new and traditional energy sources.

Fifth, we have balanced fairness and efficiency. On the one hand, we have intensified efforts to develop the energy market, promoting investment in new energy through market price signals. We have guided the transition by emphasizing the roles of thermal power as a basic guarantee and in systematically regulating power use. We have optimized energy consumption behavior and stimulated social demand for green energy. On the other hand, we have strengthened law-based governance, improving the legal framework for energy transition. We have strengthened market supervision, optimized public services, and created a stable, fair, transparent and predictable development environment for all types of business entities. This approach ensures an organic unity of efficiency and fairness in energy transition. Thank you.