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China’s Emissions Trading Scheme
Designing efficient allowance allocation In 2017, the People’s Republic of China (hereafter, “China”) decided to implement a national emissions trading scheme (ETS) to limit and reduce CO2 emissions in a cost-effective manner. Set to start in 2020, the ETS will initially cover coal- and gas-fired power plants. It will allocate allowances (also known as permits), based on the plant’s generation output, with a different benchmark for each fuel and technology. China’s ETS, set to expand to seven other sectors, will be the world’s largest by far, covering one-seventh of global CO2 emissions from…
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Clean Energy Transitions Programme 2019
Annual report 2019 Since the launch of the Clean Energy Transitions Programme (CETP) in November 2017, the IEA has significantly expanded its work to help accelerate energy transitions in major emerging economies. The CETP has played a critical role in both helping to build global momentum for clean energy transitions and in further strengthening the IEA family.
The CETP Annual Report 2019 summarises the programme’s activities in 2019, highlighting major achievements, successes and outcomes, as well as identifying opportunities for further collaboration with partners and potential partners. It also highlights activities planned for 2020.
The report reflects on the…
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Coal 2020
Analysis and forecast to 2025 Coal 2020 highlights recent global and regional trends in coal demand, supply and trade, and an outlook to 2025. The extraordinary circumstances in 2020 impacted coal markets and lend uncertainty to how they will be tailored in a post-Covid-19 economic recovery. Therefore, Coal 2020 spotlights developments in 2020 and expected conditions in 2021. It also provides an analysis of the evolution of coal supply costs, prices and investment in mining projects. China – the world’s largest coal producer and importer as well as consumer of more than half of global coal – is highlighted…
- Demand
- Supply
- Trade
- Prices and costs
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Renewables 2020
Analysis and forecast to 2025 In May 2020, the IEA market update on renewable energy provided an analysis that looked at the impact of Covid-19 on renewable energy deployment in 2020 and 2021. This early assessment showed that the Covid-19 crisis is hurting – but not halting – global renewable energy growth. Half a year later, the pandemic continues to affect the global economy and daily life. However, renewable markets, especially electricity-generating technologies, have already shown their resilience to the crisis. Renewables 2020 provides detailed analysis and forecasts through 2025 of the impact of Covid-19 on renewables in…
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Global EV Outlook 2020
Entering the decade of electric drive? The Global EV Outlook is an annual publication that identifies and discusses recent developments in electric mobility across the globe. It is developed with the support of the members of the Electric Vehicles Initiative (EVI). Combining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions and battery material demand.
This edition features case studies on transit bus electrification in Kolkata (India), Shenzhen (China), Santiago (Chile) and Helsinki (Finland). The report includes policy recommendations that incorporate…
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Post Covid-19, further reform is necessary to accelerate China’s clean energy future
The continuing and systematic implementation of China’s reform process can help its economic recovery The Covid-19 pandemic triggered an unprecedented economic shock with profound implications for energy systems around the world. In China, a sharp decline of both oil and electricity consumption followed by a dynamic recovery tested the flexibility of the energy system, but further actions will be needed to improve resilience and sustainability. This article examines opportunities for dedicated policy measures that could help reduce environmental impacts once energy use rebounds after the crisis. The continuing and systematic implementation of China’s reform process can help…
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Oil Market Report - February 2020
…2020 growth forecast by 365 kb/d to 825 kb/d, the lowest since 2011. Lower-than-expected consumption in the OECD trimmed 2019 growth to 885 kb/d.The coronavirus outbreak has also led us to revise down the outlook for global refinery runs. Chinese crude throughputs for 1Q20 have been cut by 1.1 mb/d and are now expected to contract by 0.5 mb/d year-on-year. As a result, global runs are forecast to expand by just 0.7 mb/d in 2020. The launch of IMO’s new bunker fuel regulations in January…
