The Central Economic Work Conference took place in Beijing on December 11–12, setting forth key priorities for 2025.
From CNENERGYNEWS
The Central Economic Work Conference took place in Beijing on December 11–12, setting forth key priorities for 2025. The conference emphasized the role of technological innovation in driving new productivity and establishing a modern industrial system. Key objectives include strengthening fundamental research, overcoming critical core technologies, and proactively planning major scientific and technological projects. Large-scale demonstrations of new technologies, products, and applications will be launched. Initiatives like "AI+" aim to cultivate future industries, while efforts will be made to enhance national strategic technological capabilities. Additionally, a multi-level financial service system will be improved to expand patient capital, attract more private investment in venture capital, and foster innovative enterprises. The conference also called for addressing inefficient competition, standardizing the behavior of local governments and enterprises, and leveraging digital and green technologies to upgrade traditional industries.
The conference underscored the need to increase innovation in the energy sector to accelerate the transition to a modern energy system. This includes sustained investment in technological advancements and prioritizing green energy technologies to modernize the foundation and industrial chain of the energy sector. Liu Hanyuan, Vice Chairman of the All-China Federation of Industry and Commerce and Chairman of Tongwei Group, highlighted the critical role of technological innovation in strengthening China's new energy industry. China has emerged as a global leader in this field, creating a sustainable and green economic growth model. Sectors such as wind and solar energy are thriving due to innovations in technology and equipment, shifting the traditional reliance on fossil fuels. These sectors are injecting strong momentum into the transition toward clean energy, low-carbon development, and addressing climate change.
Looking ahead, Liu projected that the development of photovoltaics, energy storage, and related industries will accelerate the electrification of vehicles, the adoption of electric energy consumption, and the clean production of electricity. He estimated that these advancements could generate annual investments of RMB 10 trillion to 20 trillion, driving domestic market growth and serving as a major engine for China’s economic development.
The conference called for coordinated efforts to reduce carbon emissions, control pollution, expand green initiatives, and promote economic growth. It emphasized the importance of a comprehensive green transformation in economic and social development, along with further reforms in ecological governance. Measures will also focus on fostering a healthy ecosystem for green and low-carbon industries, while nurturing new growth drivers such as green buildings.
Accelerating the development of a new energy system aligns with the broader goals of reducing emissions, promoting green growth, and enabling a holistic green transformation of society and the economy. This initiative lays the groundwork for high-quality development with a green foundation. Dong Wancheng, Deputy Director of the Development and Planning Department at the National Energy Administration, reported that by the end of July, China's installed wind and solar power capacity had reached 1.206 billion kilowatts, achieving the 2030 target set at the Climate Ambition Summit more than six years ahead of schedule. By the end of September, wind and solar power installations accounted for over 80% of newly installed power generation capacity.
These achievements mark a significant milestone in building a modern energy system and establishing a robust foundation for sustainable, high-quality economic growth.