China outlines 'green transition' guidelines in development strategy

The Central Committee of the Communist Party of China and the State Council have announced new guidelines aimed at accelerating the green transition across various sectors of economic and social development.

China outlines 'green transition' guidelines in development strategy
The Central Committee of the Communist Party of China and the State Council have introduced a new set of guidelines aimed at accelerating the green transition across all sectors of economic and social development.

The newly released guidelines outline that by 2030, the nation is expected to achieve "remarkable results" in its green transition across various domains of economic and social progress. Additionally, by 2035, the framework for a green, low-carbon, and circular economic system will be largely established, contributing to the overarching goal of realizing a Beautiful China.

Included in the guidelines are numerous tasks focused on enhancing territorial space development and protection, advancing the low-carbon transition within industries and the energy sector, as well as fostering green development in transportation and urban-rural planning.

The guidelines set forth specific quantitative targets for various sectors. By 2030, the energy conservation and environmental protection industry is projected to reach approximately 15 trillion yuan (around $2.1 trillion), while the share of non-fossil energy in total energy consumption is expected to rise to about 25 percent. Furthermore, the installed capacity of pumped storage hydropower is anticipated to surpass 120 million kilowatts.

Additional targets include a reduction of roughly 9.5 percent in carbon emission intensity from commercial transport per unit of turnover by 2030, in comparison to 2020 levels. The annual utilization of bulk solid waste is expected to reach about 4.5 billion tonnes, accompanied by a projected 45 percent increase in the output rate of key resources relative to 2020, as stated in the guidelines.

(With input from Xinhua)

(Cover: Tiankengxin Lake of Zhangjiajie, central China's Hunan Province. /CFP)

James del Carmen contributed to this report for TROIB News