The National Energy Administration recently issued the “Energy Sector Energy Saving and Carbon Reduction Action Plan”. On the supply side, the power industry will steadily and orderly shut down a batch of 300,000 kilowatt coal-fired power units that meet the conditions, and push for the implementation of a batch of 600,000 kilowatt coal power units upgrades. At the same time, improve delivery channels, develop new business formats such as new energy storage, and expand consumption of new energy sources. The coal industry promotes intelligent green mining and comprehensive utilization of resources; the oil and gas industry promotes new energy facilities to reduce energy consumption and carbon emissions per unit of product. On the consumer side, the “Action Plan” focuses on fields such as industry, transportation, construction, heat, and computing power, and proposes expanding non-fossil energy alternatives such as scenery, nuclear power, and green hydrogen. Furthermore, the “Action Plan” proposes to strengthen innovation in energy saving and carbon reduction technology and carry out research and development of cutting-edge low-carbon, zero-carbon, carbon-negative technologies. Relying on mechanisms such as carbon emission accounting, responsibility for consumption, green license trading, and unified electricity markets, etc., we promote clean energy consumption and utilization, and support the overall green transformation of the economy and society.

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