Li Junfeng, managing director of the China Energy Research Society. (Photo/chinanews.com)
China will formulate an action plan for peaking carbon dioxide emissions before 2030, according to a statement released after the annual Central Economic Work Conference concluded.
During this process, the country should improve energy efficiency, promote energy structure and raise the share of nonfossil energy, Li said. These are also priorities during the 14th Five-Year Plan period.
"2021 is a special year, and we hope it will become a good start for China to realize its energy goals."
It's necessary to safeguard energy safety, ensure stability, continuity and sustainability of energy supply during the process of energy transform and satisfy the basic needs for economic development and people's livelihood, Li added.
Zhao Ping, vice-president of the Research Institute of China Council for the Promotion of International Trade. (Photo/chinanews.com)
Calling for the country to take "a solid first step" in building the new development paradigm in 2021, the Central Economic Work Conference underlined the need to fully tap the potential of the domestic market, and expand consumption and effective investment in a way that is oriented toward improving people's livelihoods.
Under the new development paradigm, the country will stick to expanding domestic demand, highlighting the importance of consumption, Zhao said.
In the future, the potential of the domestic consumption market should be fully tapped, Zhao said. In terms of the content of consumption, there is more room for growth in innovative products, green products and service consumption.
