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On December 17, the launch event for the series of reports titled “Energy Outlook 2060” and the 2026 Forum on the Development of the Energy and Chemical Industries were held in Beijing. The event was hosted by Sinopec Economic and Technological Research Institute Co., Ltd. (Sinopec Consulting Co., Ltd.). Under the theme of \"Integration, Innovation, Transformation, and Development,\" the forum released the \"World and China Energy Outlook 2060 (2026 Edition)\\" and the \"2026 Report on the Development of China’s Energy and Chemical Industry.\" It brought together hundreds of expert representatives from government agencies, industry associations, international think tanks, and renowned enterprises. Wei Chihao, Secretary of the Party Committee of the Research Center under the State-owned Assets Supervision and Administration Commission of the State Council; Hu Jianwu, Deputy Director of the Petroleum and Natural Gas Department of the National Energy Administration; Ling Yiqun, Vice President of the China Petroleum and Chemical Industry Federation; and Yu Yongsheng, Spokesperson for Sinopec and Head of its Party Leadership Group, attended the forum and delivered speeches. The pace of global energy transition has slowed down at certain stages, with China taking the place of Europe and the United States as the new leader. The World and China Energy Outlook 2060 (2026 edition) indicates that global primary energy consumption is expected to reach its peak around 2040, at approximately 26.6 billion tons of standard coal. Coal consumption will peak by 2030, oil consumption will stabilize around that same time, while natural gas consumption will reach its maximum around 2040. Non-fossil fuels will become the main drivers of growth; however, due to concerns regarding energy and power supply security, as well as the more cautious approaches adopted by Europe and the United States in terms of policy reforms, the average annual growth rate of wind and solar power generation worldwide is expected to decline by about 5 percentage points over the next five years compared to the previous five years. China’s energy sector has entered a new phase characterized by a slowdown in the growth of energy demand and an accelerated optimization of the energy structure. It is estimated that China’s total consumption of primary energy will reach its peak around 2035, at around 7 billion tons of standard coal. The consumption of coal and oil is gradually reaching a plateau; it will reach this peak in an orderly manner during the 15th Five-Year Plan period and then start to decline. Natural gas will also reach its peak between 2035 and 2040, playing a strategic role in promoting low-carbon industrial development and ensuring the security of the power system. Non-fossil energy sources, driven by wind and solar power, will continue to grow; they will become the dominant source of electricity around 2035 and the dominant energy source by 2045. By 2045, wind and solar installations will account for over 40% of the global total. The \"2026 China Energy and Chemical Industry Development Report\" indicates that the global economy will experience moderate growth in 2026; an ample oil supply will drive down oil prices overall, but risks and uncertainties remain. The increased liquefying capacity for natural gas will lead to weaker expectations regarding gas prices, and there continues to be pressure due to overcapacity in the global chemical industry. Looking ahead to the 15th Five-Year Plan period, China will focus on economic development and pursue high-quality growth; the expansion and upgrading of consumption, along with the development of new forms of productive capacity, will be the two main drivers of economic growth. In the energy sector, consumption is entering a period of slower growth, showing a new trend of \"stable high levels for coal and oil, increasing usage of gas, and rapid development of non-fossil fuels.\" In the traditional oil and gas industry, there is a shift in the structure of oil consumption, from being used as fuel to being used as a raw material ； The momentum for natural gas consumption growth remains strong; it is still in a golden growth period. In the realm of emerging industries, driven by electric vehicles, the number of fuel-powered cars in use has essentially reached a plateau. The development of new power systems is accelerating, the capacity of new energy storage systems has doubled, and efforts to develop green hydrogen, ammonia, and alcohols are progressing rapidly ； The market demand for new chemical materials holds great potential; its 8% growth rate far exceeds that of traditional chemical materials. This forum also featured two parallel sub-forums: “Integrated Development of Fossil Energy and New Energy” and “Exploring Paths for New Forms of Productivity in the Energy and Chemical Industry”. **Niu Li, deputy director and researcher of the Economic Forecasting Department at the Information Center, delivered a special speech on the phased characteristics of China’s economic and social development during the 15th Five-Year Plan period. During the roundtable forum, experts and scholars from the China Petroleum Economics and Technology Research Institute, China National Offshore Oil Corporation Energy Economics Research Institute, Peking University Institute of Energy, Wood Mackenzie, Dow Jones, and other organizations engaged in in-depth discussions on topics such as the new landscape of the energy industry, the cultivation of new productive forces, and high-quality development.