The global energy transition has entered a critical stage from commitment to fulfillment. The world is standing at a clear fork in the road. One path continues to rely on fossil fuels, while the other one considers comprehensive clean electrification as an inevitable direction. Reality is pushing the world towards the second path. On this basis, China, with our unique scale and speed, further amplifies this trend. On the one hand, China steadily transforms the newly-added clean electricity into a structural replacement for fossil fuels, accelerating the peak of our own fossil consumption and entering a downward channel, as well as promoting the arrival of the global consumption turning point. On the other hand, by continuously reducing the cost and financing threshold of new energy technologies, promoting system reform, and taking action to curb procrastination, more affordable and resilient transformation options are provided for countries.
The road ahead is still not smooth. The challenges of orderly withdrawal of coal-fired power, the deep coupling between the power grid and the market, and the synergy between the industrial chain and technological iteration will all bring friction and pain. But these are thresholds that must be crossed, not excuses for delaying action. We should seize the window period of cost decline and global momentum, actively complete the reconstruction of the energy system, and build a more competitive and resilient clean future.
