Podcast - China's 15th Five-Year Energy Plan: key policy insights

China's 15th Five-Year Plan is reshaping the country's energy system, and it's not simply a story of renewables replacing fossil fuels.

In the latest episode of Mysteel Commodity Flux, we unpack what the new plan means for renewables, natural gas, oil and coal, and where the business opportunities lie.

Key takeaways:

Non-fossil energy is moving to the centre of China's energy system. Wind and solar are targeted to exceed 50% of installed power capacity by 2030, and non-fossil sources are set to supply half of national electricity generation.
Energy storage is accelerating fast. China's 300 GW target has been pulled forward from 2035 to 2030 after installed storage already reached around 136 GW by end 2025. This opens opportunities in green power trading, cross-border grid links and virtual power plant technology.
Natural gas keeps growing at around 3.5% annually through 2030, but more selectively, driven by LNG trucking and flexible gas power. Oil and coal are both expected to peak before 2030. Oil is pivoting toward security and supply diversification, while coal is shifting toward industrial feedstock uses like coal chemicals.

For a deeper dive into the policy shifts, industry impacts and business opportunities behind China's 15th Five-Year Energy Plan, contact us at inquiries@mysteel.com for a sample issue of the China Policy Perspective Report, or explore the full picture in China's 15th Five-Year Plan: The Next Energy & Chemicals Playbook.

Listen to the full episode on Spotify now: https://open.spotify.com/episode/0rOT55gwTAAiUzrkFX6jMe?si=c1oRED6XRJWcRsBP1YXkNQ