China would proactively participate in global energy governance and have greater say in this regard by implementing the "Belt and Road" initiatives in 2016-2020, according to a report by Economic Information Daily on Monday.
China would adjust the aim of going global in energy sector as the country focused on supply of resources in the past, according to Gao Shixian, assistant director with the Energy Research Institute under the National Development and Reform Commission. China intends to participate in global energy governance and form platforms with energy say in regards of energy cooperation under the "Belt and Road" initiative, said Gao.
The country needs to have open and new philosophy on energy security, proactive energy diplomacy and participation of global energy governance, according to Zheng Fangneng, deputy director with Department of High and New Technology Development and Industrialization with the Ministry of Science and Technology.
China would control coal consumption, stabilize oil and gas output and raise the share of wind and solar energy in 2016-2020, according to the report. Efforts would be made to drive down the share of coal in primary energy consumption to less than 62 percent by 2020, said Zheng, adding that clean utilization of coal would be strengthened and coal chemical would be developed properly.
China is possible to cut natural gas supply target of 400 billion cubic meters by 2020 due to slowing down of oil and gas consumption growth. The launch of new power projects should be contained and investment in this sector should decrease gradually with an eye on optimization of power supply mix, according to Ouyang Changyu, deputy secretary general with China Electricity Council. Plus, China would spend no less than 2 trillion yuan in restructuring power grid in 2015-2020. The government also would speed up reform on electricity, oil and gas in the next five years.
Latest comments