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The International Energy Agency reached a similar conclusion in its World Energy Outlook 2023 report. The report predicts that global greenhouse gas emissions could peak in 2025, partially driven ...
[10]: 4 In the clean energy sector, China is a leading source of technology transfer to other developing countries. [10]: 4 Since 2010 it has often led the European Union and the United States in clean energy investments. [10]: 24 As of at least 2024, it is the world's leading energy financier. [42]: 88
Aligned with the "14th Five-Year Plan," the government plans to increase annual gas production to over 230 bcm by 2025, focusing on supply chain security and a green energy transition. [3] In May 2024, China's natural gas imports — including pipeline gas and LNG — reached a record high of 11.33 million tons due to low international gas ...
The growth highlights the growing role of natural gas in China's energy mix, driven by its economic recovery and transition to clean energy. Natural gas import dependence is 40.9%, indicating a balance between domestic production and imports to meet the country's energy needs.
China has pledged to become carbon neutral by 2060, which would need a just transition for over 3 million workers in the coal-mining and power industry. [127] It is not yet clear whether China aims to phase-out all fossil fuel use by that date or whether a small proportion will still be in use with the carbon captured and stored. [127]
Fitch forecast China's economic growth would slow to 4.5% in 2024 from 5.2% last year, in contrast to Citi and the International Monetary Fund, which both revised up their China forecasts.
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures. In quarterly ...
The 2021–2025 plan is anticipated to have aggressive goals on sustainable energy to reach China's announced goals of carbon neutrality by no later than 2060. [ 12 ] [ 13 ] New Energy Technologies: Xi Jinping has announced that new energy technologies such as car batteries from state-owned enterprises will make it so that half of the vehicles ...