2024 Government Work Report: Develop new energy storage and accelerate the construction of a new energy system

On March 5, 2024, at the second session of the 14th National People's Congress, Premier Li Qiang released the Government Work Report, which mentioned:

Actively and steadily promote carbon peak and carbon neutrality. Solidly carry out the "Ten Actions for Carbon Peak" to improve the statistical accounting and verification capabilities of carbon emissions, establish a carbon footprint management system, and expand the coverage of the national carbon market industry. Deepen the energy revolution, control fossil energy consumption and accelerate the construction of a new energy system. Strengthen the construction of large-scale wind power and photovoltaic bases and transmission channels, promote the development and utilization of distributed energy, develop new energy storage , promote the use of green electricity and international mutual recognition, give full play to the bottom line role of coal and coal-fired power, and ensure the energy demand for economic and social development.

Vigorously develop a green and low-carbon economy. Promote the green transformation of industrial structure, energy structure, transportation structure, and urban and rural construction. Implement a comprehensive conservation strategy and accelerate energy-saving and water-saving transformation in key areas. Improve fiscal, tax, financial, investment, and price policies and related market mechanisms to support green development, promote the development of waste recycling industry, promote the research and development and application of advanced energy-saving and carbon-reducing technologies, and accelerate the formation of a green and low-carbon supply chain. Build a pilot zone for a beautiful China and create a highland for green and low-carbon development.

Actively cultivate emerging industries and future industries. Implement industrial innovation projects, improve the industrial ecology, expand application scenarios, and promote the integrated cluster development of strategic emerging industries. Consolidate and expand the leading advantages of industries such as intelligent networked new energy vehicles, accelerate the development of cutting-edge emerging hydrogen energy, new materials, innovative drugs and other industries, and actively create new growth engines such as biomanufacturing, commercial aerospace, and low-altitude economy. Formulate future industrial development plans, open up new tracks such as quantum technology and life sciences, and create a number of future industry pilot zones. Encourage the development of venture capital and equity investment, and optimize the functions of industrial investment funds. Strengthen the overall layout and investment guidance of key industries to prevent overcapacity and low-level duplication.

2023 transcript

The overall economy is recovering

The GDP exceeded 12.6 trillion yuan, up 5.2%, ranking among the top major economies in the world. 12.44 million new jobs were created in urban areas.

Important progress has been made in building a modern industrial system

Traditional industries are accelerating their transformation and upgrading, strategic emerging industries are booming, future industries are being laid out in an orderly manner, advanced manufacturing and modern service industries are deeply integrated, and a number of major industrial innovation achievements have reached international advanced levels.

The domestically-made large aircraft C919 was put into commercial operation, the domestically-made large cruise ship was successfully built, and the production and sales volume of new energy vehicles accounted for more than 60% of the global share.

Technological innovation achieves new breakthroughs

The construction of the national laboratory system has been vigorously promoted. Fruitful results have been achieved in the research and development of key core technologies, and great progress has been made in the development of high-end equipment such as aircraft engines, gas turbines, and fourth-generation nuclear power units . Innovative results in cutting-edge fields such as artificial intelligence and quantum technology have continued to emerge.

Reform and opening up are advancing in depth

The new round of institutional reform has been basically completed at the central level and is being carried out in an orderly manner at the local levels.

Policies were introduced to promote the development and growth of the private economy. The layout of the free trade pilot zone construction was further improved.

The international influence and appeal of jointly building the "Belt and Road" are more evident.

Consolidation of the foundation for safe development

Grain output reached 1.39 trillion jin, a new record high. The supply of energy resources was stable. The independent and controllable capabilities of important industrial chains and supply chains were improved. Risks in key economic and financial areas were steadily resolved. Modern infrastructure construction was continuously strengthened.

Ecological environment quality is improving steadily

The battle against pollution has been carried out in depth, emissions of major pollutants have continued to decline, and the quality of surface water and coastal waters has continued to improve.

The battle to tackle the "Three Norths" project has been fully launched.

The installed capacity of renewable energy power generation has historically exceeded that of thermal power, with new installed capacity accounting for more than half of the world's total for the year.

Effective protection of people's livelihood

Per capita disposable income of residents increased by 6.1%, and the income gap between urban and rural residents continued to narrow.

The special additional deduction standards for personal income tax for the elderly and children will be raised, benefiting more than 66 million taxpayers.

Strengthening the renovation of old urban communities and the supply of affordable housing will benefit tens of millions of families.

Ten major tasks for the government in 2024

Vigorously promote the construction of a modern industrial system and accelerate the development of new quality productivity

Deeply implement the strategy of rejuvenating the country through science and education and strengthen the basic support for high-quality development

Focus on expanding domestic demand and promoting a virtuous cycle of economy

Unswervingly deepen reform and enhance endogenous driving force for development

Expand high-level opening-up to promote mutual benefit and win-win results

Better coordinate development and security to effectively prevent and resolve risks in key areas

Persevere in doing a good job in the "three rural" work and solidly promote the comprehensive revitalization of rural areas

Promote urban-rural integration and regional coordinated development and vigorously optimize economic layout

Strengthen ecological civilization construction and promote green and low-carbon development

Effectively safeguard and improve people's livelihood and strengthen and innovate social governance