China Aims to Boost Renewable Energy Consumption 53% by 2030

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessChina Aims to Boost Renewable Energy Consumption 53% by 2030China wants renewable energy consumption to jump 53% over the next five years and to convert intermittent wind and solar into more dependable sources of electricity.Author of the article:Dan Murtaugh and Lili Pike You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — China wants renewable energy consumption to jump 53% over the next five years and to convert intermittent wind and solar into more dependable sources of electricity.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountRenewable power use should rise to about 1.8 billion tons of coal equivalent by 2030, up from 1.18 billion tons in 2025, according to a five-year plan for renewables published on the National Development and Reform Commission’s website. China has already set 2030 targets for renewables capacity and for non-fossil fuel share of total energy consumption.The plan also lays out several targets for making renewables more dependable. Wind and solar, backed up with energy storage, will be counted on to provide 20% of electricity during summer and winter evening peak periods, up from about 10% currently. The country wants 300 gigawatts of peak generation capability from renewables by 2030, a figure that matches a previously announced target for battery storage capacity. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againOther new 2030 targets in the plan include:Boosting renewable generation to 6 trillion kilowatt-hours from 4 trillion in 2025Of that, wind and solar generation should rise to 4 trillion kilowatt-hours from 2.3 trillion in 2025. The wind and solar figure would reach a previously announced target of 30% of total generationNon-electric utilization of renewables should rise to 150 million tons of coal equivalent from 60 million in 2025For emerging technologies, China wants to increase solar thermal capacity to 15 gigawatts from 1.82 gigawatts at the end of 2025, and marine energy to 400 megawatts from near nothing nowThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.