China plans to raise minimum renewable power purchase to 40 per cent by 2030

China will necessitate regional grid firms to buy at least 40 per cent of power from non-fossil fuel sources by 2030 in order to meet the it’s climate targets. ..

According to a draft policy from the National Energy Administration (NEA), grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2 per cent in 2020 to 40 per cent by 2030. Further as per plan the power procured from non-hydropower renewable sources will also reach a minimum of 25.9 per cent by 2030, up from 10.8 per cent last year. In 2020, China pledged to become carbon neutral by 2060. In addition, to that the country aims to boost the share of non-fossil fuels in primary energy consumption to around 25 per cent by 2030 from a previous commitment of 20 per cent. Further, China aims boost its installed capacity of wind and solar power to more than 1,200 GW by 2030.

GET ACCESS TO OUR ARTICLES

Enter your email address