China has established the world's largest and fastest-growing renewable energy system during the 14th Five-Year Plan period (2021-2025), a senior energy official said Tuesday.
Wang Hongzhi, head of the National Energy Administration, told a press conference that the 14th Five-Year Plan period featured more abundant energy supply and greater resilience.
He stated that in the first four years of the 14th Five-Year Plan, China's energy consumption growth already reached 1.5 times that of the five years of the 13th Five-Year Plan. It is estimated that the growth of electricity consumption over whole 14th Five-Year Plan period will exceed the annual electricity consumption of the European Union.
China has built the world's largest and fastest-growing renewable energy system, with the share of renewables in its total installed power generation capacity rising from around 40 percent to about 60 percent.
"In terms of energy consumption nationwide, the proportion of non-fossil energy increased by one percentage point each year, and is expected to exceed the 20 percent target set for the 14th Five-Year Plan period. The proportion of coal-generated power decreased by one percentage point annually. These changes have significantly enhanced the 'greenness' of China's economic development," said Wang.
Market vitality is being unleashed at an accelerated pace. The number of registered business entities in the electricity market has reached 970,000, which is five times the number in 2020.
"The main indicators proposed in the outline of the 14th Five-Year Plan, such as the comprehensive energy production capacity and the proportion of non-fossil energy, will be achieved as scheduled. The energy security of over 1.4 billion people will be effectively guaranteed. China's Green and low-carbon development has attracted worldwide attention, and our country has become an important driver of the world's energy transition," he said.
China builds world's largest, fastest-growing renewable energy system: official
