Exploring the Path of China's Energy Transformation under the "Carbon Peaking & Carbon Neutrality" Goals

Abstract

The key to achieving peak carbon emissions and carbon neutrality lies in the low-carbon transformation of energy and power, which is crucial to China's overall economic and social development. With the intensification of global climate change, countries are actively exploring strategies to adapt to climate change. However, coal, as the main future energy source, is expected to remain dominant, making it urgent to advance the transformation of fossil energy towards low-carbonization. In this context, this paper comprehensively analyzes the timing of the reduction of fossil energy and the replacement of non-fossil energy in China through a comparative analysis of the international and domestic energy transformation status, taking into account the need to ensure energy supply security and achieve China's economic and social development goals. The paper proposes development suggestions for China's energy development path, including optimizing and upgrading the industrial structure, building a clean and low-carbon energy system, strengthening CCUS technology development, and leveraging market mechanisms. These recommendations provide a certain reference and guidance for China to achieve its energy transformation goals.