The Carbon Peak and Neutrality Goals and China's New Energy Revolution
WANG Yongzhong
Abstract
The goals of carbon emission peak and carbon neutrality will promote the new energy revolution and the diversification of energy structure. The non-fossil energy with photovoltaic energy as the core will gradually occupy a dominant position, the status of electric power will significantly rise, and the consumption of coal and oil will be significantly declined. The challenges presented to China by the goals of carbon peak and carbon neutrality are reflected in the enormous pressure on the adjustment to economic structure and energy structure, the growing manufacturing costs, the difficulty in the decommissioning of coal-fired power plants, the grid stability affected by the grid connection of photovoltaic power and wind power, and the risk in the supply of critical raw metals. The opportunities include the strong competitiveness in manufacturing of photovoltaic power and wind power equipment, the decreasing dependence on imported oil and gas as well as the acceleration of low-carbon transformation. China should strengthen the top-level design of the path to achieving the goals of carbon peak and carbon neutrality, encourage innovation in green and low-carbon technologies, accelerate adjustments to economic structure and energy structure, strictly control the construction of new projects with high emissions and high energy consumption, and steadily promote the adjustment and withdrawal of the existing projects with high emissions and high energy consumption.
……