Phoenix TV:

The Outline of the 14th Five-Year Plan and the Long-Range Objectives through the Year 2035 have formulated that the development of renewable energy resources will be accelerated. Under the guidance of the outline, what new features do you think China's renewable energy landscape will present in the future? Thank you. 

Zhang Jianhua:

Mr. Li Chuangjun, head of the new energy department, will answer this question.

Li Chuangjun:

Thank you for your question. General Secretary Xi Jinping recently said that China's carbon dioxide emissions will peak before 2030 and achieve carbon neutrality by 2060. He also set forth the requirements for the development of renewable energy. Moreover, the Outline of the 14th Five-Year Plan and the Long-Range Objectives through the Year 2035, which was recently released at the "two sessions," have set clear tasks for renewable energy development. Overall, the development of renewable energy will face new situation and new tasks during the 14th Five-Year Plan period. There will be a series of significant changes in its development in terms of boundary conditions, logic and mechanisms. All in all, the development of renewable energy during the 14th Five-Year Plan period will enter a new stage with features as follows: 

First, renewable energy will be developed on a large scale. Given the achievements during the 13th Five-Year Plan period, the average annual installed capacity for renewables will witness a substantial increase during the 14th Five-Year Plan period, and the total installed capacity will be further increased. The installed capacity using new energy will make up over 50% of the country's total by the end of the 14th Five-Year Plan period.

Second, renewable energy will grow to a significant proportion. The ratio of renewable energy to energy consumption will continue to increase. By the end of the 14th Five-Year Plan period, renewable energy is expected to account for around two-thirds of the increase in electricity consumption throughout society, and will account for more than half of the country's primary energy consumption. Renewable energy will become a principal part of, rather than a supplement to, the increase in energy and electricity consumption.

Third, the development will be marketized. The market will further play a decisive role in allocating renewable energy resources. This year, wind power and solar PV power will start to deliver electricity at a price comparable to that of conventional electricity generation methods. There will be no subsidies, and their development will be market- and competition-oriented. 

Fourth, the development will be of high quality. During the 14th Five-Year Plan period, we will step up efforts to establish a new-type power system that makes clean energy a central focus, thus to improve our consumption and storage capacities for renewable energy. We will achieve large-scale development in renewable energy, and realize high-level consumption and utilization of these energy resources, so as to ensure reliable and stable power supply, and to achieve a high-quality leapfrog development.

Going forward, we will strive for the targets of peak carbon dioxide emissions and carbon neutrality, and fully utilize our advantages in renewable energy and relevant technologies, so as to leverage our strengths and shore up our weaknesses. We will consolidate and strengthen the overall core competitiveness and competitive advantages of renewable energy. We will give continued priority to the development of renewable energy. We will pursue high-quality leapfrog development, and improve quality and efficiency through reforms and innovation. We will promote renewable energy development by optimizing regional planning, building major bases, supporting pilot projects and carrying out action plans. We will accelerate the implementation of renewable energy substitution projects, and promote a high-proportion, high-quality, low-cost and market-oriented development of renewable energy. By doing so, we will make a greater contribution to the efforts of ensuring energy supply, promoting low-carbon green development, and achieving the targets of peak carbon dioxide emissions and carbon neutrality. Thank you.