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The article discusses China’s efforts to transition to green and low-carbon energy, with a focus on the country’s progress in peaking its oil consumption and transitioning to renewable energy. The article highlights the significant achievements made by China in the field of renewable energy, including the development of new energy vehicles, the growth of the renewable energy sector, and the adoption of green energy solutions in various industries.
The article notes that China’s resolve in its green energy transition has not wavered, with unwavering support from government policies, technological innovation, and private sector investment. The country’s commitment to reduce carbon emissions by 2030 and achieve carbon neutrality by 2060 has driven significant progress in the energy sector.
The article quotes experts, including Wei Fulei, director of the Centre for Finance, Trade, and Industrial Development, and Han Wenke, former director of the Energy Research Institute under China’s National Development and Reform Commission, who emphasize the importance of policy-driven efforts in driving China’s green energy transition. The article also highlights the role of state-owned enterprises, such as Sinopec, in promoting green production and reducing emissions.
The article notes that the peaking of oil consumption is a significant milestone in China’s green energy transition, with oil consumption expected to peak in 2025. The country’s renewable energy sector has made significant progress, with new installed capacity reaching 373 million kilowatts in 2024, and renewable energy accounting for 56% of the country’s total installed capacity.
The article concludes that China’s experience is contributing to the world’s energy conservation and emission reduction efforts, with the country predicted to lead the world in new renewable energy capacity additions from now until 2030. Overall, the article presents a positive picture of China’s green energy transition, highlighting the country’s progress, achievements, and commitment to a low-carbon future.