China's State Council released a new five-year action plan to peak CO2 emissions by 2030 and reach carbon neutrality by 2060. The plan sets a 17% reduction in carbon intensity from 2025 levels and aims for non-fossil energy to reach 25% of total consumption. It targets 2.8 billion kilowatts of combined wind and solar capacity by 2030, along with 110 million kilowatts of nuclear capacity. The plan also addresses surging electricity demand from AI data centers, requiring new computing facilities to use non-fossil power. The plan includes overhauling heavy industries like steel and chemicals, improving grid interconnectivity, and strengthening carbon accounting systems. Officials acknowledged the difficulty of the transition, citing external complexities and the challenge of transforming domestic growth drivers. Local officials who fall behind on decarbonization goals will face accountability measures.
