Under the "dual carbon" goal, where should the development of the coal chemical industry go?
Beijing, China, August 20, 2021 - In the development of human society, coal was the earliest fossil energy source to be effectively used. From the first coal-burning heat to the invention of the steam engine, people successfully entered the industrial age. Nowadays, oil, natural gas, and even cleaner wind, solar, and nuclear power are driving the world's rapid operation. The frequent occurrence of extreme climates is warning human society that the global climate system is now undergoing rapid and extensive changes. Some geographic and climatic disasters are irreversible, and if the carbon emission intensity is not reduced from now on, the global temperature will continue to rise and the environment will further deteriorate. "Rich coal, poor oil and less gas" is the basic feature of China's energy structure, and coal-based resource endowments have always been China's basic national conditions. For a long time, domestic coal has been mainly used for fuel, and it has also been criticized for high emissions. At present, coal is still China's main source of primary energy. The second-ranked oil and gas resources are highly dependent on overseas, and the turbulent market threatens China's energy security. As the entire society moves towards a renewable and sustainable low-carbon society, the vigorous development of the coal chemical industry will give greater play to the role of coal as a resource ballast, and the coal industry will also escort the country’s energy security in many aspects. . "Dual Carbon" Target Drives Energy Structure Transformation In September 2020, China's development has entered a new historical period. In the general debate of the 75th United Nations General Assembly, China announced that it will strive to achieve carbon dioxide peak in 2030 and achieve carbon neutrality by 2060. This is also known as China's "dual carbon" goal. Under the guidance of the "dual-carbon" target, from petrochemical, energy, consumption, and manufacturing industries, there has been an upsurge of peak carbon reduction. It is foreseeable that, as an important foundation of the entire industry, the energy structure will take the lead in realizing low-carbon development and provide a guarantee for the carbon peak and carbon neutrality of the whole society. Reviewing the relevant data of domestic energy consumption in recent years, although the total amount has steadily increased, the energy structure has changed. According to data provided by the China Petroleum Institute of Economics and Technology, by 2020, the proportion of coal in China's energy consumption has fallen from 72.2% in 1980 to 56.8%. In addition, in the past five years, oil accounted for 18%-19% of China's energy consumption, while natural gas consumption has increased from 4.0% in 2010 to the current 8.2%. While the proportion of fossil energy has fallen, the overall proportion of renewable energy, including hydropower, nuc...
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