China’s new energy strategy aims to shield economy from shocks – and meet climate targets
Beijing will prioritise energy security through large-scale projects and greater regional self-reliance, as risks mount at home and overseas
China has vowed to refine its energy strategy and ramp up major engineering projects over the next five years, placing energy security at the heart of its new development blueprint.
“The internal and external environment for building China’s new energy system is undergoing profound and complex changes,” said Ren Yuzhi, head of the administration’s planning department, in a statement.
To respond to these shifts, the administration pledged to improve energy flows and upgrade infrastructure nationwide. To boost self-sufficiency in eastern regions, it said it aims to have local supply cover more than 70 per cent of the projected increase in energy demand in those areas over the next five years.