Caixin
Dec 14, 2021 08:06 PM
ENERGY INSIDER

Energy Insider: China’s First Carbon Dioxide Power Cycle Generator Goes Online

China's first self-developed carbon dioxide power cycle generation unit started operation recently. Photo: ESCN
China's first self-developed carbon dioxide power cycle generation unit started operation recently. Photo: ESCN

In today’s Caixin energy news wrap: Xi reminds everyone that becoming carbon neutral won’t happen overnight; battery material specialist CNGR invests $1.6 billion in lithium iron phosphate project, silicon prices expected to fall as output rises.

Xi reminds everyone that becoming carbon neutral won’t happen overnight

At the recent Central Economic Work Conference, President Xi Jinping called for resolve in achieving China’s dual carbon goals of peaking emissions by 2030 and reaching carbon neutrality by 2060. He pointed out that the goals won’t be achieved overnight and noted that ensuring energy security will be necessary in phasing out fossil fuels. China will exempt clean energy from total energy consumption controls to bolster green power industries. The conference also urged state-owned enterprises to play a major role in stabilizing energy prices and ensuring the power supply.

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