China unveils action plan for energy conservation and carbon reduction, setting ambitious targets for 2024-25

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29th May 2024 – (Beijing) The State Council of China has recently released a comprehensive action plan for energy conservation and carbon reduction for the period of 2024-2025. The plan sets ambitious targets to achieve a significant reduction in energy consumption and carbon dioxide emissions per unit of GDP.

In 2024, China aims to reduce energy consumption per unit of GDP by approximately 2.5 per cent, while targeting a reduction of around 3.9 per cent in carbon dioxide emissions per unit of GDP. To achieve these goals, the plan outlines specific measures to be implemented across various sectors of the economy.

One of the key objectives of the plan is to reduce energy consumption per unit of added value in industrial enterprises above a designated size by approximately 3.5 per cent in 2024. This highlights the commitment to promoting energy efficiency and sustainability in the industrial sector.

Furthermore, the plan emphasizes the importance of non-fossil energy sources in the overall energy mix. It aims to increase the proportion of non-fossil energy consumption to around 18.9 per cent in 2024 and further raise it to 20 per cent in 2025. This signifies China’s dedication to transitioning towards cleaner and renewable energy sources.

The action plan also projects significant achievements in energy conservation and carbon reduction. It anticipates that the implementation of key transformations in key sectors and industries will result in a reduction of approximately 50 million tonnes of standard coal and a decrease in carbon dioxide emissions by roughly 130 million tonnes, both in 2024 and 2025.

China’s commitment to the “dual carbon” goal, which targets reaching the peak of carbon emissions by 2030 and achieving carbon neutrality by 2060, underlies the significance of these efforts. The action plan serves as a strategic roadmap to drive progress towards these ambitious environmental objectives.