https://ieefa.org/china-considering-plans-to-speed-clean-energy-transition/
China’s current goal is to derive as much as 20% of its primary energy use from non-fossil fuels by 2030. One option under consideration is to bring forward that target, according to people familiar with the discussions who asked not to be identified, possibly to 2025. Another proposal is to cut the share of coal in the energy mix to 52% by 2025, from the 57.5% planned for the end of this year, one of the people said.
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Still, China has done a little better than it expected in its transition to clean energy so far, even as it remains the world’s biggest miner and consumer of coal. The share of non-fossil fuels in the energy mix was 15.3% in 2019, surpassing the 15% goal set for 2020.
Chinese renewable energy stocks have been on a tear on speculation that Beijing could increase its requirements for solar and wind power. Bringing forward the 20% target to 2025 could see solar installations more than triple from 2019 levels to 105 gigawatts a year, while wind could almost double to 48 gigawatts, Zhu Yue, an analyst at Industrial Securities Co., said in a note.