2022-01-26 12:25:00
CHINA'S ENERGY INTENSITY REDUCTION
ENERDATA - 25 Jan 2022 - China intends to reduce its energy intensity (i.e. energy consumption per unit of gross domestic product) in 2025 by 13.5% compared with the 2020 level, according to a five-year plan on energy conservation and emission reduction published by the State Council. The country's energy intensity declined by around 12% over 2015-2020.
In October 2021, China updated its Nationally Determined Contribution (NDC). The country aims to have CO2 emissions peak before 2030 and to achieve carbon neutrality before 2060, to lower its CO2 intensity (CO2 emissions per unit of GDP) by over 65% from the 2005 level, to increase the share of non-fossil fuels in primary energy consumption to around 25%, to increase the forest stock volume by 6 bcm from the 2005 level, and to bring its total installed capacity of wind and solar power to over 1,200 GW by 2030.
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Earlier:
2022, January, 21, 11:10:00
CHINA LPG IMPORTS DOWN
Propane imports fell 11.5% month on month to 1.46 million mt in December, which was partially offset by butane imports rising 9.6% over the same period to 416,006 mt,
2022, January, 19, 10:40:00
CHINA COAL PRODUCTION UP
China's raw coal production increased by 4.7% to 4.07 Gt in 2021 and imports grew by 6.6% to 320 Mt,
2022, January, 18, 13:00:00
CHINA OIL IMPORTS DOWN BY 5%
In 2021, China imported 513 Mt of crude oil (-5.4% compared to 2020), 27 Mt of refined products (-4%), 323 Mt of coal and lignite (+6.6%) and 121 Mt of natural gas (+19.9%),
2022, January, 14, 12:00:00
CHINA OIL IMPORTS RISE TO 10.9 MBD
The country's total crude imports averaged 10.3 million b/d in 2021, falling 5.4% year on year amid destocking activities.
2022, January, 13, 14:15:00
CHINA RENEWABLES LEADERSHIP
China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.
2022, January, 12, 10:20:00
CHINA GAS DEMAND WILL UP
National oil company Sinopec expects Chinese natural gas demand to reach 395 Bcm in 2022, up 7% from an estimated 370 Bcm in 2021, according to its research arm, Sinopec Economics & Development Research Institute.
2021, December, 3, 11:40:00
CHINA GREEN DEVELOPMENT 2060
The world's top greenhouse gas emitter is aiming to bring its carbon emissions to a peak by 2030 and become "carbon-neutral" by 2060.
