Baku, Azerbaijan - November 11, 2024 From hydrogen to solar power, China has stepped up efforts in energy transition, and provided comprehensive solutions for other countries to reduce carbon emissions. A report on China's energy transformation outlook was recently released in the China Pavilion of the ongoing 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change in Baku, Azerbaijan. It is estimated that efforts to achieve the country's carbon neutrality goal in 2060 will attract over 100 trillion yuan (about 13.81 trillion U.S. dollars) in investment. According to the report, in China, electricity's share of final energy demand will increase from about 28 percent in 2023 to some 60 percent in 2060. The proportion of hydrogen energy in final energy demand will increase to around 12 percent in 2060. And the proportion of wind-and-solar-power-generated green hydrogen is also expected to see significant increase. During an interview with China Media Group (CMG) on the sidelines of the COP29, Ma Yongsheng, president of China's state oil and gas enterprise Sinopec elaborated on the company's plans to promote hydrogen supply and use. Speaking with CMG, Zhu Liyang, president of China Association of Circular Economy, suggested that China, which is endowed with abundant agricultural resources, could work to convert straw into hydrogen. In addition to speeding up green transformation domestically, China has played a constructive role in boosting energy transition around the world, according to the experts attending the COP29. With the rapid development of China's green technologies, the cost of power generation has become significantly lower. China's exports of photovoltaic, wind power, hydrogen production equipment, and computing infrastructure have provided more cost-effective solutions for other countries to reduce carbon emissions. Shotlist: Baku, Azerbaijan - Nov 11, 2024: 1. Various of COP29 signs; 2. Various of exhibitors, visitors at China Pavilion of COP29; Baku, Azerbaijan - Nov 13, 2024 3. SOUNDBITE (Chinese) Ma Yongsheng, president, Sinopec: "We will launch a 30,000-ton-per-year green hydrogen coal-chemical comprehensive demonstration project in Ordos. At the same time, we are actively promoting the conversion of green electricity from Ulanqab League into green hydrogen and transporting it to the Beijing-Tianjin-Hebei region to provide green hydrogen to energy, chemical and metallurgical industries in the region."; FILE: Yuanjiang City, Hunan Province, central China - 2024 4. Machine transferring straw rolls; 5. Various of straw crusher in operation in factory; Baku, Azerbaijan - Nov 13, 2024 6. SOUNDBITE (Chinese) Zhu Liyang, president, China Association of Circular Economy (starting with shot 5/partially overlaid with shot 7): "We use biomass. China is a large agricultural country. There are nearly one billion tons of agricultural straw. They can be turned into briquettes to replace some of coal-fired boilers. At the same time, with technological innovation, they can produce hydrogen."; [SHOT OVERLAYING SOUNDBITE] FILE: Yuanjiang City, Hunan Province, central China - 2024 7. Straw crusher in operation in factory; [SHOT OVERLAYING SOUNDBITE] FILE: Northern Cape Province, South Africa - Date Unknown 8. Aerial shot of solar thermal power project; 9. Sun-tracking solar panels; 10. Various of Chinese, African technicians having discussions; Baku, Azerbaijan - Nov 13, 2024 11. SOUNDBITE (Chinese) Ju Jing, founder, BCI Group (ending with shot 12): "The overall demand in the entire Asia-Pacific market, the Middle East, the Far East, and even developing countries in Africa and South America, is very strong. The solutions integrating renewable energy with computing power are also adopted by more countries."; FILE: Western Cape, South Africa - Date Unknown 12. Wind farm; Baku, Azerbaijan - Nov 13, 2024 13. SOUNDBITE (Chinese) Wen Hua, deputy head, Department of Resource Conservation and Environmental Protection, National Development and Reform Commission (NDRC) (partially overlaid with shot 14) : "We have now built the world's largest and most complete new energy industry system. We have brought down solar power generation costs by 80 percent. In 2023, our exports of wind power and solar power products helped other countries reduce carbon emissions by 810 million tons."; [SHOT OVERLAYING SOUNDBITE] FILE: Jiaxing City, Zhejiang Province, east China - Date Unknown 14. Solar panel production line; [SHOT OVERLAYING SOUNDBITE] FILE: China - Exact Location and Date Unknown 15. Aerial shot of solar panels, wind turbines; 16. Aerial shots of solar panels. [Restriction - No access Chinese mainland]