Launch of the China Renewable Energy Outlook 2021 at COP26 in Glasgow

On November 10, 2021, the Energy Research Institute of the Chinese Academy of Macroeconomic Research (ERI of AMR) together with the Danish Energy Agency (DEA) and the Center for Global Energy Policy at Columbia University (CGEP) presented pathways to fulfill the climate goals and reach carbon neutrality in China, Europe and United States. The event was hosted at COP26 in Glasgow with opening speeches from Xie Zhenhua, China Special Envoy for Climate Change and Dan Jørgensen, Minster of Climate, Energy and Utilities in Denmark.

General Wang Zhongying from ERI of AMR presented key findings of the upcoming China Energy Transformation Outlook 2021 (CETO 2021). The CETO serves as scientific based research input for Chinese national energy policy taking the temperature on China’s green energy transformation. Its main purpose is to provide a long-term scenario view of the future Chinese energy system, and develop policy recommendations for cost-effective initiatives that could be implemented to reach the below 2-degree target in the Paris Agreement. The outlook shows that China is in a position where it can create the foundation for its energy revolution. A decoupling of economic growth from energy consumption is a precondition for China to become CO2-neutral in 2060 while maintaining a sustainable economic growth. 

The outlook is the first in a new line of publications building on top of ERI’s China Renewable Energy Outlooks (CREOs) published yearly since 2016. The new outlook incorporates a more comprehensive analysis of the Chinese energy system than in the previous CREOs. The CETO 2021 executive summary and the full report will be available for download later this year.