On February 10, 2022, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) of China jointly issued the Opinions on Improving the System, Mechanisms, Policies and Measures for Energy Green and Low-carbon Transition (hereinafter referred to as the “Opinions”).
Key targets of the Opinions are stated in the document, which is summarized as follows:
· During the 14th Five-year Plan period, to basically establish an institutional framework for promoting green and low-carbon energy development, put in place relatively sound policies, standards, market and regulatory systems, and establish a mechanism for promoting green and low-carbon energy transition led by “dual control” of energy consumption and the target system for non-fossil energy.
· By 2030, a complete basic system and policy system for green and low-carbon energy development will be basically established, and a pattern of energy production and consumption will be formed in which non-fossil energy can both basically meet the increase in energy demand and replace fossil energy stocks on a large scale, and the capacity to ensure energy security will be comprehensively enhanced.
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