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Key developments
New five-year plans
GENERATION TARGET: China today released its 15th five-year plan for building a “new-type energy system”, according to finance news outlet Cailianshe. It said the plan covered topics including energy sources, power-market reform and China’s role in clean-energy supply chains and climate governance. The plan, published by the National Development and Reform Commission, stated that China will aim for clean energy to constitute 30% of power generation by 2030 – up from approximately 22% today. It also stated that wind and solar will become the “mainstay” of China’s power mix. The government will work to increase clean-energy consumption, such as by upgrading the grid to “accommodate” 900 gigawatts of distributed energy and promoting emerging solutions such as virtual power plants and hydrogen. The plan also urged the “strengthening” of coal’s role as a “bottom-line guarantee”.
