When it comes to carbon neutrality, our intention is to reduce carbon dioxide emissions, based on a breakdown of carbon dioxide emissions, whether in China or around the world, it found that more than half of CO2 emissions came mainly from the power sector, which means that even if carbon emissions from all other sectors were to fall at the same rate, the power sector would clearly bear the brunt of the burden. In fact, the road map for a carbon-neutral future does not only show a simultaneous decline in all sectors, but also a significant increase in the use of electrification throughout society, one of the technology options is probably just in the home kitchen, you'd think I'm Not Burning Gas Anymore, I'm using an induction cooker, it's an electrified option, in fact, I'll tell you that in many environments where steel is made, including Non-ferrous metal, electric stoves are used in the same way that they are used in our home kitchens, both represent the era of electrification, according to figures from the International Renewable Energy Agency (IRENA-RRB- and NationaloResearchaInstitutetute, which estimates that by 2050, the global electrification rate will increase from the current level of about 1.20 percent to 40 to 50 percent. This tells us that electrification in the future means not using electricity in the past, coal or oil, for example, and some of these other routes, are likely to shift more and more to electricity in the future.
The problem comes, when the whole society turns to the era of electrification, if we say that in our entire power generation structure, coal-fired power still accounts for a larger proportion, while in Europe, gas-fired power accounts for a larger proportion, the United States also has a large share of coal-fired power generation. If this is the structure of power generation, obviously the carbon dioxide emissions can not be reduced. Although you may have used it on the surface, the carp batteries used in today's electric cars are actually charged with electricity, but in fact electricity is still provided by dirty coal power generation, so this means that CO2 emissions may not actually be reduced by much, and in that sense, the main focus of future carbon neutrality will be on electricity. In the field of electricity, in the end what we are talking about today includes things like wind power, thermal power, hydro power, nuclear power, biomass power, geothermal power, and so on, you may even have heard of hydrogen, but hydrogen is not quite the same as what I just said about electricity generation, which is classified as renewable energy, which is mainly primary energy, and hydrogen is generated from other sources of energy, by electrolyzing hydrogen, and converting it from other electricity to hydrogen, or other industrial gases, it's actually converted from these other chemicals, and in the process, you use things like electricity and so on, it's mainly primary energy, in society, or in nature, where we don't currently have access to natural hydrogen energy.
Which of these different routes to new energy generation technologies is the most certain of the future? I want to answer this question by analyzing it from several angles. For example, which technology route has a better carbon emission intensity, and another very important one is cost, i think that no matter which technology we are talking about today, it can not be separated from the overall market to promote cost-effective advantages, otherwise it is difficult to large-scale application of the best technology.