China Will Phase Out Coal Power Generation in 2060, New Energy Will Meet 100 Trillion Investment Opportunities
Recently, the Global Energy Internet Development and Cooperation Organization (GECO) held the China Carbon Summit Carbon Neutralization Achievement Release and Seminar in Beijing, and for the first time in China put forward a systematic plan to achieve carbon emission reduction targets through the construction of China's energy Internet.
China is going to phase out coal power by 2060
By 2030, 67.5 percent of the country's clean energy installed capacity will be generated by solar and wind power, according to the plan. By 2060, all coal-fired power installations in China will be withdrawn; The industrial sector will be dominated by electric energy, supplemented by hydrogen; The number of electric vehicles will reach 390 million, with a replacement rate of over 90 percent.