GreenergyDaily

Mar. 5, 2025

1. The 14th National People's Congress, China's national legislature, opened its third session on Wednesday morning at the Great Hall of the People in Beijing. Premier Li Qiang delivered a government work report at the meeting.

2. China has set its GDP growth target at "around 5 percent" for 2025 and is planning major projects to tackle climate change as it moves towards peak carbon emissions and carbon neutrality, according to the report delivered today. 

3. China said it would develop new offshore wind farms and accelerate the construction of "new energy bases" across its vast desert areas, while announcing plans for trials of low-carbon technology at its coal-fired plants.

4. China plans to reduce the amount of energy it uses to grow its gross domestic product by around 3% in 2025. However, Beijing did not set a target for reducing emissions per unit of GDP in its main government work report.

5. China pledged to address the overproduction crippling its steel and oil sectors, according to Bloomberg.

6. The promise of cuts to steel output was delivered by the National Development and Reform Commission at China’s annual policy meeting in Beijing on Wednesday. The economic planning agency also said it wants refiners to produce less fuel and more petrochemical products.