China's State Council released an action plan aiming to raise non-fossil energy consumption to 25% of total by 2030, up from 21.7% in 2025. The plan also targets a 17% cut in CO2 per unit of GDP from 2025 levels and a 10% reduction in energy intensity. It includes building 100 zero-carbon industrial parks and 500 zero-carbon factories, plus a goal for new energy vehicles to make up 30% of the vehicle fleet by 2030. The plan focuses on meeting new electricity demand with clean energy and retrofitting key industries to save over 150 million tons of standard coal equivalent. It also pushes for green computing infrastructure and phasing out outdated tech. This is a concrete step toward peaking coal and oil consumption by 2030 and sets a clear benchmark for carbon market participants and clean energy investors.
