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China's Energy Transition Predictions
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Sinopec predicts that China's coal consumption will peak around 2025, with non-fossil energy supply expected to surpass 3 billion metric tons of standard coal by 2045. Oil consumption is projected to peak around 2026-2030 due to the expansion in the new energy vehicle sector, while China's demand for natural gas is expected to reach a plateau at around 2040. The total carbon emissions from energy activities in China are projected to peak during the 15th Five-Year Plan period.
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How might China's energy transition impact global energy markets and geopolitics?
What challenges and potential risks are associated with China's energy consumption and emissions peak, and how can they be addressed?
What specific policies or initiatives are being implemented in China to support the transition away from fossil fuels?
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