Shou Xiaoli:

Thank you Mr. Zhang for your introduction. The floor is now open for questions. Please identify the media outlet you represent before asking your question.

CCTV:

Over the past decade of the new era, China has advanced transition and reform in the areas of energy production, consumption, technical systems and international cooperation. What have been the major achievements in China's energy transition? Thank you.

Zhang Jianhua:

Thank you for your question. I would like to invite Mr. Wan to answer this question.

Wan Jinsong:

Thank you for your question. This is a very good question, and also the key point illustrated in the white paper.

Over the past decade, the energy sector has resolutely implemented the new energy security strategy proposed by General Secretary Xi Jinping that aims at revolutionizing consumption, supply, technology and institutions, while strengthening all-round international cooperation. We have advanced the reform of the energy development model, providing a strong guarantee for high-quality economic and social development and the building of a Beautiful China. The achievements of energy transition can be summarized in five aspects.

First, China's energy transition has fast-tracked clean energy development. According to our statistics, as of the end of 2023, the total installed capacity of non-fossil energy power generation had reached over 15 GW, surpassing its thermal power capacity for the first time. The electricity generated from clean energy was about 3,800 TWh, accounting for nearly 40% of the country's total electricity generation, up by around 15 percentage points from 2013. Over the past decade, electricity generated from clean energy has accounted for more than 50% of the increase in total electricity consumption, marking a growing share of green energy in China's energy mix. 

Second, China's energy transition has underpinned high-quality economic and social development. Over the past decade, investment in fixed assets in the energy sector totaled about 39 trillion yuan, with nearly 4 trillion yuan per year on average. The capacity for primary energy production has grown by 35%, providing a strong basis for steady and sound economic growth. We have established a complete industrial chain for energy equipment manufacturing. Technological innovations in new energy, hydropower, nuclear power, power transmission and transformation, and novel energy storage have accelerated, and the clean energy industry has become a new pillar of China's modern industrial system. 

Third, China's energy transition has met the people's need for a better life. Over the past decade, China's energy demand and supply have remained balanced. Energy prices have also remained generally stable, effectively ensuring energy security for more than 1.4 billion people. Over 100 billion yuan from the central budget has been invested into upgrading rural power grids. In 2015, we enabled all areas of the country to have access to electricity. Per-capita electricity consumption has doubled from about 500 kWh to nearly 1,000 kWh over this period. The scale of household PV power installations in rural areas has reached 120 GW. This has led to an income increase of 11 billion yuan for farmers and the creation of around 2 million jobs per year. 

Fourth, China's energy transition has synergized with high-standard eco-environmental protection. Compared with 2012, energy consumption per unit of GDP has decreased by more than 26%. Green and intensive development of energy and resources has been realized. The quality of China's refined oil products has reached advanced international levels. The average coal consumption of coal-fired power generation has reduced to 303 grams of standard coal per kilowatt-hour, with SO2 and NOX emissions of advanced coal-fired power generation units now comparable to the upper limits for natural gas power units. China's energy transition has effectively promoted significant improvements in the eco-environment and the building of a Beautiful China. 

Finally, China's energy transition has contributed to the global energy transition and a clean and beautiful world. In 2023, China's investment in energy transition reached $676 billion, making it the world's largest investor in this field. China has continued to expand opening up and cooperation, and has provided quality clean energy products and services to the world. In 2023, China's exports of wind power and PV products helped other countries reduce carbon dioxide emissions by about 810 million metric tons. China's new energy industry has added to the global energy supply, helped reduce the cost of the global energy transition, and contributed to the global transition to green development and efforts to combat climate change. Thank you.