China to boost renewable power, balance with oil and gas to 2025

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China to boost renewable power, balance with oil and gas to 2025
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China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals.

China, the world's biggest greenhouse gases emitter, has said its carbon emission would peak by 2030, while it has said it would achieve carbon neutrality by 2060.

China also planned to achieve gas storage capacity of 55-60 bcm, or 13% of total annual consumption by 2025, and complete a southern extension to the existing China-Russia gas pipeline, the commission said. China aims to make non-fossil fuels account for about a fifth of total energy consumption by 2025, up from 16% in 2020, and to control coal use in heavy industry including steel, chemical and cement.

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