1、Implementing UnitFinancial SupportTechnical SupportThis report reflects the research views of the China Energy Transformation Outlook(CETO)project teamand does not represent the views or positions of the supporting organisations.Unlessotherwise stated,the datain this report comes from the CETO model

2、 database and related analyses.Feedback on the China Energy Transformation Outlook 2024 report is welcome and should be sent toceto2024cet.energy.In meeting the climate challenge,no one can be aloof,andunilateralism will get us nowhere.Only by upholding multilateralism,unity and cooperation can we d

3、eliver shared benefits and win-win forall nations.”President Xi JinpingRemarksat the Climate Ambition Summit12 December 2020 We need to seize the opportunity and build on the soundmomentum generated to promote the high-quality development ofChinas new energy sector.With greater efforts to provide se

4、cureand reliable energy support for Chinas modernisation,we cansignificantly contribute to building a clean and beautiful world.Xi Jinping,General Secretary of the Communist Party of ChinaSpeech at the 12th Collective Study Session of the Politburo ofthe Central Committee of the CommunistParty of Ch

5、ina(CPC)29February 2024Preface1|PrefaceOn 22 September 2020,at the general debate of the 75th session of the United Nations General Assembly,President Xi Jinping made a significant announcement,that China will“aim to have CO2emissions peakbefore 2030 and achieve carbon neutrality before 2060”.Over t

6、he past four years,various regions anddepartments in China have comprehensively advanced efforts to reach carbon peaking and carbonneutrality.Through the robust implementation of the“ten major peaking carbon dioxide emissions actions,China hasundergone unprecedented changes invarious aspects of the