Experts laud plan for carbon reduction

Multiple sectors may gain as 74 GW of new installations could be created

The carbon reduction action plan released by the State Council on Wednesday signals a clear energy-saving roadmap and timeline, experts said on Thursday.

They highlighted that the relaxation of the requirement on the utilization rate of new energy may create about 74 gigawatts of new installations, bringing multiple benefits to key sectors.

The National Development and Reform Commission, China's top economic regulator, said that despite the significant progress made in advancing energy-saving technologies and carbon reduction, China's green transition is behind schedule for 2021-25, due to factors like the COVID-19 pandemic, making the task of meeting the binding targets essential this year and the next.