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IPFS News Link • China

China's Next Five Year Energy Plan Will Shape the Global Energy Future

•, by Brian Wang

China expects greenhouse gas emissions to peak around 2025-2030.

China is the only country to implement coa

China will be releasing a new energy plan. The 14th Five-Year Plan will cover 2021-25. The full plan will be released around March 2021, but partial drafts and releases will be public in 2020.

The Five Year Plan (FYP) is China's top-level policy blueprint and has been called one of the most important documents on the planet for global sustainability.

China's coal power capacity has been capped at 1,100 gigawatts (GW) by 2020. But utilization rates of installed capacity are less than 50%. China's electricity demand is increasing. Coal usage can increase a lot just by increasing utilization. In March the China Electricity Council suggested that coal-power capacity should grow to 1,300 GW by 2030.

Hydropower and nuclear have been revived over the last year. Wind and solar expansion has slowed since the government started to cut subsidies last year and they are giving priority to solar and wind projects that do not need financial support.

l conversion at scale. China turns coal into coke, fertilizer, and other chemicals.