Bloomberg: 

Many analysts have noted the staggering growth of clean energy generation this year and how it's been able to reduce thermal power generation over the summer months. Some speculate that China may have already peaked the emissions years before its 2030 target. What is the NEA's take on those assessments and does it think it's possible that China has already reached the peak emission? Thank you.

Zhang Jianhua:

Thank you for your question. I'd like to invite Ms. Song to answer it.

Song Wen:

Thank you for your question. As you noted, China has maintained strong momentum in clean energy development, which my colleague illustrated with relevant data earlier. General Secretary Xi Jinping has emphasized that we pursue the goals of peak carbon dioxide emissions and carbon neutrality not under compulsion but of our own accord. Our commitment to these goals is unwavering. Energy is a key area for achieving peak carbon emissions and carbon neutrality. Following the decisions and arrangements of the CPC Central Committee and the State Council, we're actively promoting green and low-carbon energy transition based on China's energy and resource endowment.

As of the end of July, China's installed renewable energy capacity had reached 1.68 billion kilowatts, over 54% of total capacity. Over the past decade, China's growth in non-fossil energy consumption has contributed more than 40% to the global total. Annual non-fossil power generation increased by 2.2 trillion kilowatt-hours, equivalent to reducing carbon dioxide emissions by approximately 2 billion tons. This has notably curbed overall carbon emission growth across society. However, it is important to recognize that China is still a developing country. We are advancing the modernization of a huge population, which means energy demand will continue to grow as people seek better lives. There are also increasing uncertainties and unpredictable factors. Therefore, it still requires arduous efforts to achieve the dual carbon goals.

The third plenary session of the 20th CPC Central Committee proposed establishing new mechanisms to facilitate the transition from controlling the total amount and intensity of energy consumption to controlling the total amount and intensity of carbon emissions. Since the beginning of this year, the CPC Central Committee and the State Council have issued a series of policy documents on energy conservation and carbon reduction, including the recently issued Opinions on Accelerating the Comprehensive Green Transformation of Economic and Social Development and the Work Plan for Accelerating the Establishment of a Dual Control System for Carbon Emissions. These documents outline the framework for green, low-carbon development and the dual carbon targets in the coming years. The energy industry is also conducting preliminary research for the 15th Five-Year Plan, focusing on goals and tasks for the next phase of the energy transition. We'll intensify efforts to promote high-quality renewable energy development, advance the green and low-carbon energy transition, and aim to increase the proportion of non-fossil energy consumption by about 1 percentage point each year. We're capable and confident of reaching peak carbon emissions before 2030 as planned. Thank you.