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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmi𝄹ssion and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
China first𓂃 identified low-carbon development as an important focus of economic transformation in its 12th FYP guidelines. This time, policymakers reiterated the need to accelerate the process with an aim to meet the carbon ...
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Coal power still has a towering presence in China&ꦛrsquo;s electricity generation, but the share of nuclear and renewable energy keeps increasing as the country is changing course towards a cleaner energy mix. According to the International Energy ...
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Alongside developing renewable energy projects in line with plans to reduce the share of coal power in the country’s generation mix, the government is working to reform the thermal power sector and make coal-fuelled plants🍨 more efficient and ...
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Hydropower made up 20.2% of the country’s total power generating capacity as of end-2016. China had 332 GW of hydropower capacity as at end-2016, up 3.9% y/y. New investment in the subsector r💟eached RMB 61mn in 2016, down by 22% y/y, ...
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As China has grown to be the world's biggest economy, the generation, trade and consumption of electricity have become an increasingl𝕴y crucial component of t💖he country's growth and energy needs. The introduction and development of renewable energy ...
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