Insight

China's 14th five-year energy plan focuses on stability and cost control amid global energy crisis

Get this report

$950

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

12 April 2022

China's 14th five-year energy plan focuses on stability and cost control amid global energy crisis

Report summary

On 22 March, China unveiled its 14th five-year plan for the modern energy system. The plan’s title deviates from previous naming convention (five-year plan for energy development), re-affirming China’s most recent policy direction. It also provides more clarity on the country’s energy pathway towards 2025. . Our interpretation of the plan’s key messages and rationale behind it are: • Stability and cost control taking centre stage. • Addressing new pain points in China’s energy system. • Quality over quantity. • Inclusion of and coherence with existing climate goals.

Table of contents

  • Coal positioned as the backstop of energy security; no quantified targets for coal and gas demand
  • Multiple means to achieve energy security
  • No specific capacity target for wind and solar
  • Flexible coal-fired power plants and pumped hydroelectric storage to play key roles in supporting power system transition
  • Hydrogen energy still considered early stage with potential competition escalation in permitting gigawatt-level projects

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Policy Targets And Actuals.xlsx

    XLSX 53.92 KB

  • Document

    China's 14th five-year energy plan focuses on stability and cost control amid global energy crisis

    PDF 778.33 KB