Study on China’s New Energy Development Trend through Achieving the Consumption Proportion Target for Non-fossil Energy

Abstract

Recently, the Statistical Communiqué of the People’s Republic of China on the 2022 National Economic and Social Development (hereinafter referred to as "Communiqués") was published by the National Bureau of Statistics. According to the Communiqués, China’s total primary energy consumption in 2022 amounted to 5.41 billion tons of standard coal. It is projected that by 2025, the total energy consumption will reach approximately 5.84-6.04 billion tons of standard coal. In order to meet the target of non-fossil energy consumption accounting for 20% of total energy consumption by 2025, the installed new energy capacity within operating areas of State Grid Corporation of China is anticipated to exceed the previous estimate by 100-140 million kilowatts. From a risk assessment standpoint, the research team has constructed an evaluation model to gauge China’s new energy development trend, taking into account the accomplishment of the consumption proportion target for non-fossil energy. They delve into the issues brought about by the unexpected development of new energy and put forth pertinent measures to tackle them.