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    Home > Chemicals Industry > Petrochemical News > How far is my country’s energy transition in the first year of carbon neutrality?

    How far is my country’s energy transition in the first year of carbon neutrality?

    • Last Update: 2021-10-12
    • Source: Internet
    • Author: User
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    Original Source: Beijing Commercial Daily

    Reporter: Tao Feng and Liu Hanlin

    In the recent period, carbon peaked and carbon neutrality "sweeped".
    On March 18, China’s carbon peak and carbon neutrality results release and seminar proposed for the first time “to achieve carbon emission reduction targets through the construction of China’s energy Internet”.
    Carbon peaking work seminar, organizing relevant departments to actively prepare carbon peaking plans.
    On March 21, at the China Development Forum, the Governor of the People's Bank of China Yi Gang spoke again on this issue, saying that the "dual carbon" goal is costly and that achieving carbon neutrality still requires market funding.
    As far as my country is concerned, the "dual carbon" goal opens not only the vision of energy conservation and emission reduction, but also the creation and possibility of many institutional mechanisms from scratch at the industry level in my country.

    Towards "30-60"

    In the past few days, the concept of "30-60" has been repeatedly mentioned, the "dual carbon" goal has been upgraded to a national strategy, and the first year of "carbon neutrality" has also been officially launched.
    The system plan of "Achieving carbon emission reduction targets through the construction of China's Energy Internet" proposed on March 18 clearly promotes the development of clean alternatives and the substitution of energy consumption and electric energy; realizes the leading of clean energy production and leading energy use; energy and power development and Carbon decoupling, economic and social development and carbon emissions decoupling.

    Prior to this, companies had already heard the news.
    On March 1, China’s largest energy company, State Grid, announced in Beijing its “Carbon Peak and Carbon Neutral” action plan during the “14th Five-Year Plan” period; on March 11, Three Gorges Group also expressed its efforts to be the first to achieve this in 2023.
    Carbon reaches its peak, achieving carbon neutrality in 2040.

    From a local perspective, according to incomplete statistics, at least 25 provinces, cities, and autonomous regions including Beijing, Tianjin, Hebei, Shanxi, Jiangsu, Shanghai, Zhejiang, Fujian, Hubei, and Hunan have disclosed government work reports during the year.
    It disclosed its related measures on the "dual carbon" goal.

    For example, Beijing has proposed a clear timetable and roadmap for carbon neutrality to promote energy restructuring and energy conservation in key areas such as transportation and buildings.
    During the "14th Five-Year Plan" period, carbon emissions have been steadily decreasing, and carbon neutrality has taken solid steps to set a Beijing demonstration in response to climate change.
    Shanghai proposed to launch the eighth round of the three-year environmental protection action plan to accelerate the construction of a national carbon emission trading market.
    And Zhejiang, Hubei, Hunan, Chongqing and other places have proposed to develop low-carbon industrial parks and pilot construction of a "zero-carbon" system.

    In fact, since 2020, my country has successively launched 6 low-carbon provinces (regions) and 81 low-carbon cities, 52 low-carbon industrial parks, more than 400 low-carbon communities and 8 low-carbon (towns) pilot projects.
    A multi-level and all-round low-carbon pilot system has been initially formed.

    "Large energy consumers"

    Carbon reaches its peak and carbon neutral heat returns to heat, but there are no small obstacles to its realization.
    During the seminar, Liu Zhenya, chairman of the China Electricity Council, also pointed out that in order to achieve the "dual carbon" goal, my country needs to transform its energy development mode to achieve a low-carbon, decarbonized, and clean energy system, but this is not easy.

    Judging from my country's energy consumption data, the adjustment of the energy structure is still imminent.
    According to data released by the National Bureau of Statistics a few days ago, the total energy consumption in 2020 is 4.
    98 billion tons of standard coal, an increase of 2.
    2% over 2019.
    Among them, coal consumption accounted for 56.
    8% of total energy consumption, which was 0.
    9 percentage points lower than the previous year, but the coal-based energy structure has not yet fundamentally changed.

    “In my country’s energy structure, 60% is still coal.
    This share may gradually decline in the future, but it may still account for more than 40% in the next three to five years.
    In the short term, based on my country’s energy structure and Energy endowments still need to maintain a relative balance between the use of traditional energy and renewable energy.
    " Miao Ping, director of the Beijing Institute of Low-Carbon Clean Energy, believes that blindly increasing costs may make it difficult for some industrial companies to maintain.
    As an enterprise, one can try to replace coal-fired power generation or gas-fired power generation with renewable energy, but this is a long process.

    In addition, as a major manufacturing country, my country is also the country with the highest steel production in the world, and the pressure to achieve the "dual carbon" goal is also self-evident.
    According to statistics, my country's crude steel output exceeded the 1 billion ton mark for the first time last year, accounting for 57% of global steel output.
    But among the 31 sectors of manufacturing, the industry also ranks first in carbon emissions, accounting for about 15% of total emissions.

    How to transform?

    "Achieving carbon neutrality requires a huge amount of investment, and it is necessary to guide the financial system to provide the required investment and financing support in a market-oriented way.
    " Yi Gang pointed out.
    According to the calculations of Tsinghua University, according to the goal-oriented transformation path of controlling the global average temperature rise within 2 degrees Celsius, the energy system needs to invest about 100 trillion yuan in 2020-2050, accounting for 1.
    5%-2% of GDP, and it must be realized.
    The target of 1.
    5 degrees Celsius requires an additional investment of about 138 trillion yuan, which is more than 2.
    5% of the annual GDP.

    Right now, the government is trying to solve the urgent need for transformation through financial allocation.
    The draft of the annual fiscal budget announced a few days ago mentioned support for strengthening pollution prevention and ecological construction.
    Among them, air pollution prevention and control funds were allocated 27.
    5 billion yuan, an increase of 10%, and the focus was on supporting clean heating in winter in the north and winning the battle against the blue sky.
    Support to do a good job in carbon peaking and carbon neutrality.
    Further support the development of renewable energy such as wind power and photovoltaics, as well as the exploitation and utilization of unconventional natural gas, and increase the supply of renewable and clean energy.

    However, Yi Gang also pointed out that “for such a huge capital demand, government funds can only cover a small part of it, and the gap must be made up by market funds.
    Qi Haishen, president of Beijing Teyi Sunshine New Energy, said that historical reasons have caused China's planned economy to have too deep genes, which has made the development structure of some traditional industries in China unbalanced.
    At present, what is lacking in the development of traditional industries in our country is the real market-oriented thinking and mechanism.

    Currently, the national carbon emission trading market is about to open.
    On March 18, Lu Xinming, deputy director of the Department of Climate Change Response of the Ministry of Ecology and Environment, revealed that the construction of the national carbon market will be accelerated, and the "Interim Regulations on the Management of National Carbon Emission Trading Management" will be issued this year.
    However, Qi Ye, a professor at the School of Public Administration of Tsinghua University, publicly stated that the carbon market can indeed improve efficiency and cost-benefit, but the key to the real effect of the carbon market is still price.
    One of the main difficulties affecting the activeness of my country's carbon market is to solve the problem of difficult calculation and monitoring of corporate carbon emissions.

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