Energy and Power in the Government Report 2024

At 9:00 a.m. on Tuesday, March 5, 2024, the opening session of the Second Session of the 14th National People's Congress (NPC) was held in the Great Hall of the People. On behalf of the State Council, Premier Li Qiang made a report on the work of the government to the Second Session of the 14th National People's Congress. The following is the energy and power section of the report:

[Achievements and work over the past year]

New energy vehicle production and sales accounted for more than 60% of the global share.

Gas turbines, fourth-generation nuclear power units and other high-end equipment development has made great progress.

Strengthening the construction of a unified national market.

The installed scale of renewable energy power generation historically exceeded that of thermal power, with more than half of the world's new installations for the year.

Faster growth in energy, water and other infrastructure and manufacturing investments.

Electric vehicles, lithium batteries, photovoltaic products, "the new three" export growth of nearly 30%.

Formulate policies to support the development of green and low-carbon industries. Promote the ultra-low emission transformation of key industries. Launch the construction of the first batch of pilot cities and parks for carbon peaking. Actively participate in and promote global climate governance.

[This year's development requirements and priorities]

Energy consumption per unit of GDP has been reduced by about 2.51 TP3T, and the quality of the ecological environment continues to improve.

It will consolidate and expand the leading edge of industries such as smart grid-connected new energy vehicles, accelerate the development of cutting-edge emerging hydrogen energy, new materials, innovative drugs and other industries, and actively build new growth engines such as bio-manufacturing, commercial spaceflight and low-altitude economy.

Deepen the research and development application of big data and artificial intelligence, carry out the "artificial intelligence plus" action, and create internationally competitive digital industry clusters. It will also implement actions to digitally transform the manufacturing industry, accelerate the large-scale application of the industrial Internet, promote the digitization of the service industry, and build smart cities and digital villages.

It focuses on supporting scientific and technological innovation, new infrastructure, energy conservation, emission reduction and carbon reduction, and strengthening people's livelihoods and other economic and social weaknesses to make up for the shortcomings.

Accelerating the construction of a unified national market.

Deepen reforms in electricity, oil and gas, railroads and the comprehensive transportation system, and improve the institutional mechanism for regulating natural monopolies.

We will steadily push forward cooperation on major projects, implement a number of "small but beautiful" livelihood projects, and actively promote cooperation in the fields of digital, green, innovation, health, culture and tourism, and poverty reduction.

Strengthen the security of energy resources and increase the exploration and development of oil and gas and strategic mineral resources.

In-depth implementation of rural construction actions, vigorously improve rural water, electricity, road, gas and telecommunications infrastructure and public services, and strengthen the construction of charging piles, cold chain logistics, and mail delivery and distribution facilities.

Vigorously develop a green and low-carbon economy. Promote the green transformation of industrial structure, energy structure, transportation structure, and urban and rural construction and development. It has implemented a comprehensive conservation strategy and accelerated the transformation of energy and water conservation in key areas. Improve fiscal, taxation, financial, investment and pricing policies and related market-oriented mechanisms to support green development, promote the development of waste recycling industry, promote the research and development and application of energy-saving and carbon-reducing advanced technologies, and accelerate the formation of a green and low-carbon supply chain. It will build an advanced zone of Beautiful China and create a highland of green and low-carbon development.

Actively and steadily promote carbon neutralization. The "Ten Actions for Carbon Peak" will be carried out in a solid manner. We will enhance the capacity of statistical accounting and verification of carbon emissions, establish a carbon footprint management system, and expand the coverage of industries in the national carbon market. Promote the energy revolution in depth, control the consumption of fossil energy, and accelerate the construction of a new energy system. It will strengthen the construction of large-scale wind power and photovoltaic bases and transmission corridors, promote the development and utilization of distributed energy, develop new types of energy storage, promote the use of green power and international mutual recognition, and give full play to the underpinning roles of coal and coal power, so as to ensure that the economic and social development of the demand for energy.

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