Shanghai to Advance Trading Platforms for Hydrogen, Green Methanol and Other Products

SHANGHAI, October 13, 2026 — The General Office of the Shanghai Municipal People's Government has issued the 15th Five-Year Plan for Energy Conservation, Carbon Reduction and Circular Economy Development in Shanghai, outlining new targets and measures to accelerate the city's green and low-carbon transition.

The Plan sets out several key targets for 2030. Shanghai aims to accelerate the deployment of diverse new energy storage applications and continuously improve the energy conversion efficiency of storage systems, with total installed capacity of new energy storage targeted to reach 3,000 megawatts (MW) by 2030.

The city will also develop offshore photovoltaic clusters that co-locate wind and solar power facilities and continue advancing its “PV+” initiative. During the 15th Five-Year Plan period (2026–2030), newly installed photovoltaic capacity is targeted to exceed 5,000 MW. Shanghai also aims to increase the share of newly constructed civil building floor area meeting three-star green building standards to 25% by 2030.

To strengthen market-based mechanisms for the green transition, the Plan calls for accelerating the development of trading platforms for hydrogen, green methanol and sustainable aviation fuel (SAF). It also encourages the use of platforms such as the Green Technology Bank and the Shanghai Technology Exchange to improve market-based trading systems for the transfer and commercialization of green and low-carbon technologies.

The Plan also outlines measures to develop green computing infrastructure. It supports the integrated application of liquid-cooling technologies, high-efficiency servers, green energy and AI-based intelligent energy management and control models. Shanghai will also explore the development of subsea data centers in conjunction with offshore wind power.

In addition, the city will tighten access requirements for newly built data centers and raise energy-efficiency standards for new projects. The power usage effectiveness (PUE) of newly built computing facilities must not exceed 1.2.

Through these measures, Shanghai aims to improve energy efficiency, promote the development and commercialization of green and low-carbon technologies, and accelerate the growth of emerging clean-energy industries as part of its broader transition toward a more sustainable economy.