Covid measures and a slowing real estate sector lead to low demand growth in industry in the first half of 2022 but residential demand for power increased significantly. China added 44 GW of wind and solar energy in the first half of the year.
In June, the National Development and Reform Commission (NDRC) issued the 14th Five-Year Plan (FYP) for Renewable Energy, setting out quantitative targets for renewable energy that largely aligned with existing targets and policies.
The Sustainable Finance Common Ground Taxonomy was officially launched by the International Platform on Sustainable Finance on June 3, 2022.
On May 24, 2022, the Chinese and German experts of the four working groups of the Sino-German Track-2-Dialogue (T2D) came together virtually to present the results of their collaboration at the fourth Steering Committee Meeting.
In an extraordinary meeting on May 25, 2022, virtually attended by 100,000 Party cadres from all parts of the country, Premier LI Keqiang announced China would drastically increase its coal production to secure the country’s energy demand.
In the first weeks of the new year, the Track-2-Dialogue (T2D) working groups 1 to 4 dealt with the content-related and organisational re-orientation of their fields of work.
Energy and climate became significant topics besides China’s economic development during this year’s “Two Sessions”.
The second Steering Committee Meeting of the Sino-German Cooperation on Climate Change (SGCCC) took place on 24 March in a hybrid setting.
China, a major player in terms of climate change and biodiversity conservation – it is one of 12 mega-biodiversity countries in addition to being the currently largest absolute CO2 emitter – wants to create synergies for climate and biodiversity action on its path towards achieving green development and living in harmony with nature. IKI projects support this.
On 23 March 2022, the National Development and Reform Commission (NDRC) published the “Medium and Long-term Plan for Hydrogen Energy Industry Development (2021-2035)”.
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