Chairman of GEIDCO Liu Zhenya addressed International Forum for Energy Transition 2020

On November 10, Mr. Liu Zhenya, Chairman of GEIDCO and Chairman of China Electricity Council (CEC) attended the International Forum for Energy Transition 2020 and delivered a keynote speech. He remarked that “To cope with global challenges in the post-COVID era, faster transition is the fundamental way out”. He outlined the future steps as leveraging UHV grid to promote world power revolution, leveraging global energy interconnection (GEI) to promote world energy revolution, and leveraging ETI (Energy, transportation and information networks) integration to promote social and economic changes.

Mr. Liu is also a foreign member of the Royal Swedish Academy of Engineering Sciences (IVA), international fellow of the UK Royal Academy of Engineering and member of the German Academy of Science and Engineering (Acatech).

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In his speech, Mr. Liu pointed out that in essence, the core of sustainable development is green and low-carbon development. To achieve sustainable development in the post-COVID era, it is necessary to steer towards green and low-carbon development, and focus on two critical junctures of energy and economic transition, thereby accelerating the transformation of development mode. GEI and ETI integration provide ideal tools and carriers to propel global energy and economy transition and achieve sustainable development.

According to Mr. Liu, GEI will advance the adoption of "double dominance", meaning the dominance of clean energy in energy production and electricity in energy consumption; and "double decoupling", namely decoupling energy development from carbon and economic growth from carbon emissions. GEI thus provides an optimal pathway to achieve global carbon neutrality with fast speed and good economic benefits. In the context of GEI, marginal cost of emission reduction across the society is only 15 dollars/ton, much lower than other schemes (which are 30-100 dollars/ton), showing significant advantages.

“The term "ETI integration" refers to the transition from relatively independent development to the integrated, shared and coordinated development of energy, transportation and information networks, thereby optimizing coordination of energy, personnel/material and information flows. ETI networks constitute a new comprehensive infrastructure system with greater resource allocation, industry boosting, and value creation capabilities. It raises infrastructure development to a higher level.”Liu remarked that ETI integration will leverage the advantages of both the digital and information-based "Internet+", and large-scale, intensive "+Internet" cross-network and cross-industry integration. The synergies and overall value thus created will facilitate high quality economic growth worldwide.

This forum was organized by State Grid Corporation of China (SGCC) and the World Economic Forum (WEF), co-hosted by the China Association for Science and Technology (CAST), and supported by China’s State-owned Assets Supervision and Administration Commission (SASAC). With the theme of "Energy Transition and Sustainable Development in the Post-COVID19 Era ", the forum aimed to jointly discuss new trend of technological innovation to promote clean and low-carbon world energy transition, stimulate economic growth in the post-COVID era, and promote a community with a shared future for mankind, thereby jointly creating a bright and green future.