China has issued a new energy plan covering the 2026-2030 period, aiming to establish a clean, low-carbon, secure and efficient energy system by 2030. Key targets include non-fossil energy reaching 25% of total consumption, wind and solar making up over 50% of installed capacity, and non-fossil sources providing 50% of total power generation. Coal and oil consumption are expected to peak within this timeframe. The plan, released by the National Development and Reform Commission and the National Energy Administration, also calls for a unified national electricity market and greater self-reliance in energy technology. China already operates the world's largest renewable energy system and is working toward peaking CO2 emissions before 2030 and carbon neutrality by 2060. For carbon market participants and energy analysts, the concrete targets on generation share and installed capacity provide clear benchmarks. The emphasis on market mechanisms and grid resilience suggests significant transmission and storage investment ahead. The 25% non-fossil energy target is an important milestone to track against actual deployment data.
