Fossil fuels’ share of China’s energy mix will decline, but consumption will continue to grow
Letter from China: Five-Year Plan puts energy over decarbonisation
China’s reluctance to ease back on fossil fuels highlights the contrasting narratives of energy security and decarbonisation
Carbon neutrality has been the buzzword in China in recent months, but a close reading of the country’s recently approved 14th Five-Year Plan (FYP) makes clear that Beijing is prioritising energy over emissions in near-term policymaking—a continuation that will be welcomed by China’s NOCs. An outline of the plan presented at China’s annual session of parliament in March showed little sign of an acceleration in the country’s fight against climate change. While the plan—a roadmap for China’s development in 2021-2025—did reaffirm the shift to a low-carbon and more energy-efficient economy, it also lacked ambition. A detailed path on how China will make good on its promise to peak carbon emissio
Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
