China has seen steady increases in a variety of energy resources in 2022 as the country stepped up efforts to ensure energy security against a volatile global market.
China has seen steady increases in a variety of energy resources in 2022 as the country stepped up efforts to ensure energy security against a volatile global market.
The following is the output of the world’s largest energy consumer’s fossil fuel as well as clean energy in 2022: China produced some 4.45 billion tons of coal last year, up 8 percent year-on- year.
Natural gas output topped 217 billion cubic meters, registering an annual increase of over 10 billion cubic meters for a sixth straight year. Crude oil production climbed back to over 200 million tons.
The newly installed capacity of renewable energy reached 140 million kW, bringing the tally of total installed capacity to exceed 1.2 billion kW. Wind and solar power saw their newly installed capacity surpass 120 million kW, a record high.
Major energy projects completed a total investment of about 2 trillion yuan (about $290.2 billion), lending strong steam to the country’s economic growth.
China also saw several landmark energy projects completed in 2022, including the world’s largest clean energy corridor, and the most efficient compressed air energy storage station.
For 2023, China expects to produce 205 million tons of crude oil and secure an annual natural gas output growth of over 6 billion cubic meters.
By the end of this year, the installed capacity of wind power, solar power, and hydropower might reach about 430 million kW, 490 million kW, and 423 million kW, respectively.
China is a major player in the global energy market and has a diverse mix of energy resources, including fossil fuels (such as coal, oil, and natural gas) and renewable sources (such as hydroelectric, solar, and wind).
Coal is the main source of energy in China, accounting for about 60% of the country’s total energy consumption. China is also the world’s largest consumer and producer of coal. In addition, China is a significant oil producer and consumer, and it is also the world’s largest consumer of natural gas.
China is also making a push towards renewable energy sources. It is the world’s largest producer of hydroelectric power and has the world’s largest installed capacity of solar photovoltaics. The country is also the world’s largest manufacturer of wind turbines and has the world’s largest installed capacity of wind power.
Originally published at China Daily