• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
China

China’s ambitious new climate goals mean it must completely phase out coal by 2050

By
Naomi Xu Elegant
Down Arrow Button Icon
By
Naomi Xu Elegant
Down Arrow Button Icon
September 28, 2020, 4:30 AM ET

Chinese President Xi Jinping’s surprise announcement last week that China aims to hit peak carbon emissions before 2030 and become carbon neutral by 2060 led environmental analysts to question how China would pull off the feats given its heavy reliance on coal power.

On Sunday, the Energy Environment Economy Research Institute at Tsinghua University in Beijing offered a partial answer. China, which currently consumes half the world’s coal, must phase out coal-fired power by around 2050 in order to achieve Xi’s climate targets, according to a report from the university.

The coal reduction figure was one of several steps outlined in the report that China could take to reach its new climate goals, which analysts noted were ambitious but vague.

Subscribe to Eastworld for weekly insight on what’s dominating business in Asia, delivered free to your inbox.

The report, which was presented in a webinar by Zhang Xiliang, director of the Energy Environment Economy Research Institute, also projected that China’s annual carbon emissions will rise slightly between 2025 and 2030 before dropping sharply from 9 billion tons in 2035 to 3 billion tons by 2050 and 200 million by 2060. China is currently the world’s No. 1 carbon emitter.

Nonfossil fuels as a share of total energy demand in China will jump from 20% in 2025 to 84% in 2060. In 2018, nonfossil fuels made up around 15% of energy consumption in China, and coal made up 58%, according to a review of China’s energy market by the energy multinational BP. Zhang said China needs to increase the use of wind, solar, and nuclear power to offset the decreasing use of fossil fuels, since electricity demand in China will continue to increase, but he didn’t say exactly how to achieve that tradeoff.

Coal’s share of total energy consumption in China has been gradually decreasing over the past 10 years, but provincial governments continue to approve new coal plant construction projects. And an analysis by researchers at the Finland-based Centre for Research on Energy and Clean Air found that China’s COVID-19 stimulus plans allotted three times as much money to fossil fuel projects as they did to low-carbon energy projects.

The Energy Environment Economy Research Institute works with the Chinese government’s ecology and environment ministry to project long-term climate goals, according to Bloomberg, but it’s not an official government organization. China’s government has not yet released an official plan for achieving Xi’s climate targets.

Environmental analysts are awaiting the publication of China’s upcoming five-year plan, the government’s regular set of reforms and economic targets, to see whether it will include more details on how China plans to curb emissions and fossil fuel use and boost renewable energy projects.

Bloomberg reported earlier this month—before Xi’s announcement—that the five-year plan may include a goal to cut the share of coal as an energy source from around 58% this year to 52% by 2025 and increase nonfossil fuels’ share to 20% by 2025.

More must-read international coverage from Fortune:

  • Scientists say a gap in COVID vaccine research may keep us from returning to “normal”
  • There’s an ulterior motive to China’s carbon neutral pledge: Cornering the green tech market
  • How data helped keep Red Bull’s F1 team on track during the pandemic
  • Check out Airbus’s concepts for the world’s first “zero-emission commercial aircraft”
  • Researchers find a “druggable pocket” in coronavirus that could lead to new antivirals

About the Author
By Naomi Xu Elegant
See full bioRight Arrow Button Icon

Latest in International

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

0

Most Popular

placeholder alt text
Economy
The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says
By Nick LichtenbergDecember 17, 2025
3 days ago
placeholder alt text
AI
Meta’s 28-year-old billionaire prodigy says the next Bill Gates will be a 13-year-old who is ‘vibe coding’ right now
By Eva RoytburgDecember 19, 2025
20 hours ago
placeholder alt text
Success
As graduates face a ‘jobpocalypse,’ Goldman Sachs exec tells Gen Z they need to know their commercial impact 
By Preston ForeDecember 18, 2025
2 days ago
placeholder alt text
Success
Billionaire who sold two companies to Coca-Cola says he tries to persuade people not to become entrepreneurs: ‘Every single day, you can go bankrupt’
By Dave SmithDecember 19, 2025
17 hours ago
placeholder alt text
Success
The scientist who helped create AI says it’s only ‘a matter of time’ before every single job is wiped out—even safer trade jobs like plumbing
By Orianna Rosa RoyleDecember 19, 2025
17 hours ago
placeholder alt text
Economy
‘This is a wacky number’: economists cry foul as new government data assumes zero housing inflation in surprising November drop
By Eva RoytburgDecember 18, 2025
2 days ago