China issues white paper on energy, to adopt security strategy

Published: Dec 21, 2020 16:39 (GMT+8)
China has adopted a new energy security strategy, vowing to promote reforms in energy supply and consumption, market building and innovation while strengthening international cooperation, according to a white paper released Monday

SHANGHAI, Dec 21 (SMM) — China on Monday released a white paper on the country's energy development.

The white paper, titled "Energy in China's New Era," was released by the State Council Information Office to provide a full picture of the country's achievements in energy development and major policies and measures for energy reform.

Today, China has become the world's largest energy producer and consumer and its transition to efficient energy utilization has been the fastest in the world, says the document.

China has been working on all fronts to reform the ways energy is consumed, to build a clean and diversified energy supply system, to implement an innovation-driven energy strategy, to further the reform of the energy system, and to enhance international energy cooperation, it says.

The main body of the white paper was divided into seven sections: developing high-quality energy in the new era, historic achievements in energy development, an all-round effort to reform energy consumption, building a clean and diversified energy supply system, leveraging the role of innovation as the primary driver of development, deeper reform of the energy system in all areas, strengthening international energy cooperation across the board.

The country has been improving the top-level design for energy policies relating to scientific and technological innovation, and making strategic plans for sci-tech development of the resources and energy industry till 2035, says the white paper.

China has created a number of high-standard platforms for technological innovation in the field, including more than 40 key national laboratories and a group of national engineering research centers that focus on research into technologies for safe, green and intelligent coal mining, highly efficient use of renewable energy, energy storage, and decentralized energy systems, the white paper says.

It has also built more than 80 national energy research and development centers and key national energy laboratories for research in the key areas of coal, oil, natural gas, coal-fired power, nuclear power, renewable energy and energy equipment, all of which cover the vital and frontier areas of energy innovation.

The country has implemented major scientific and technological initiatives and projects in the sector, planning or carrying out research into fields including new energy vehicles, smart grid as well as clean and efficient use of coal and new energy-saving technology, the white paper says.

It has also accelerated the upgrading of conventional energy technologies and equipment, while supporting new business forms and models in this sector, it says.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Tanzania’s Imwelo selects processing route after gold recovery rises to 84.5%
19 hours ago
Tanzania’s Imwelo selects processing route after gold recovery rises to 84.5%
Read More
Tanzania’s Imwelo selects processing route after gold recovery rises to 84.5%
Tanzania’s Imwelo selects processing route after gold recovery rises to 84.5%
[SMM Gold Flash] Lake Victoria Gold reported new metallurgical testwork for weathered ore at Area C of its fully permitted Imwelo Gold Project in Tanzania. Attrition scrubbing followed by desliming increased 24-hour gold extraction from 49.99% to 84.54% in agitated-leach testing. Bottle-roll recovery reached 88.15% after pretreatment, while gravity-recoverable gold also increased. The work was conducted by Nesch Mintech Tanzania in Mwanza. The company has identified attrition scrubbing and desliming as the preferred pretreatment route for further optimisation of the clay-rich near-surface material. Lake Victoria Gold says the results complement earlier work on deeper material, where recoveries of approximately 96–97% were reported. Importantly, the reported recoveries relate to tested pretreated fractions and do not yet represent overall whole-ore plant recovery; further mass-balance and optimisation work is planned.
19 hours ago
Aurum drilling delivers 155 g/t gold hit at Côte d’Ivoire’s Boundiali
19 hours ago
Aurum drilling delivers 155 g/t gold hit at Côte d’Ivoire’s Boundiali
Read More
Aurum drilling delivers 155 g/t gold hit at Côte d’Ivoire’s Boundiali
Aurum drilling delivers 155 g/t gold hit at Côte d’Ivoire’s Boundiali
[SMM Gold Flash] Aurum Resources reported new assay results from 22 diamond holes totalling 6,172.8 metres at the BST1 deposit at its Boundiali Gold Project in Côte d’Ivoire. The results include 2.63 metres at 76.74 g/t gold from 195.2 metres, including 1.3 metres at 155 g/t, together with 24 metres at 6.31 g/t from 108 metres, including 7 metres at 19.25 g/t. Several intersections extend beyond the existing BST1 resource envelope. The results will feed into Aurum’s planned Boundiali Mineral Resource update targeted for early Q4 2026. The company says mineralisation remains open along strike and at depth, while drilling continues across the project. The results are therefore an exploration and resource-growth development rather than additional production. Boundiali currently has a 3.22-million-ounce JORC Mineral Resource, while Aurum is advancing a definitive feasibility study.
19 hours ago
Platinum Shows Stronger Inflation and Real-Rate Linkages Than Gold, Study Finds
19 hours ago
Platinum Shows Stronger Inflation and Real-Rate Linkages Than Gold, Study Finds
Read More
Platinum Shows Stronger Inflation and Real-Rate Linkages Than Gold, Study Finds
Platinum Shows Stronger Inflation and Real-Rate Linkages Than Gold, Study Finds
[SMM Gold & PGM Flash] A new study published in the Journal of Commodity Markets finds that platinum has exhibited broader and more persistent co-movement with inflation and real interest rates than gold. Researchers Arusha Cooray and İbrahim Özmen examined monthly data from July 1999 through December 2024 across the US, Germany, Italy, France, Switzerland and the Netherlands, using turning-point analysis, wavelet coherence and time-varying Granger-causality methods. The study found gold’s macroeconomic relationships were comparatively weaker and more fragmented, while platinum and silver showed broader synchronization, particularly in the US and Germany.​ The researchers attribute platinum’s stronger macroeconomic sensitivity in part to its substantial industrial exposure, meaning its price reflects not only monetary conditions but also manufacturing activity, investment and supply constraints. The findings do not establish platinum as a universally superior inflation hedge: the relationships varied across countries, periods and monetary-policy regimes. Instead, the study highlights a fundamental difference between the metals, with gold’s broader monetary and defensive role producing a different response to inflation and real-rate conditions.
19 hours ago