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An energy sector roadmap to carbon neutrality in China
…reflects the enhanced targets China announced in 2020. The report also explores the implications of a faster transition – the Accelerated Transition Scenario – and the socio-economic benefits it would bring beyond those associated with reducing the impact of climate change. This Roadmap examines the technology challenges and opportunities that this new phase of the clean energy transition will bring for China’s development, with a focus on long-term needs. The technology innovations required in the Chinese context are a key in-depth focus area. The report concludes with a series of policy considerations to inform China’s energy debate.
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Clean Energy Transitions Programme 2020
…It also summarises IEA activities related to clean energy transitions at a global level, and introduces new and innovative analyses and resources produced throughout the year.
The report initially provides an overview of the CETP’s objectives, then presents highlights of activities and achievements for each priority country (Brazil, the People’s Republic of China. India, Indonesia, Mexico and South Africa), each priority region (Africa, Latin America and Southeast Asia), and globally. Foreword With the CETP as a concrete illustration of our collective willingness and capacity to accelerate the pace of change toward the sustainable energy systems of the future…
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The Role of China’s ETS in Power Sector Decarbonisation
…65% from the 2005 level, increasing the share of non-fossil fuels in primary energy consumption to around 25% and expanding the total installed capacity of wind and solar power to over 1 200 GW. The 14th Five-Year Plan (FYP) stipulates formulation of an action plan to peak CO2 emissions before 2030 and adoption of stronger policy measures in an effort to reach carbon neutrality before 2060.In this context, China's emissions trading system (ETS) can be an important market-based tool to help the country achieve its climate goals and energy transition. China’s national ETS was officially…
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Evolving Energy Service Companies in China
Evolving Energy Service Companies in China Energy service companies (ESCOs) deliver energy efficiency projects that are financed through the resulting energy cost savings. ESCOs can thus unlock energy efficiency action by addressing barriers related to funding and technical expertise. Despite their potential, many governments still struggle to stimulate development of a market for ESCOs. Evolving Energy Service Companies in People’s Republic of China, (“China” hereafter) provides an overview of how China has built the world’s largest and fastest growing ESCO market over the past decades. This report highlights how the government’s strategic measures to set up key…
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Climate Impacts on South and Southeast Asian Hydropower
Hydropower accounts for 14.5% of total electricity generation in South and Southeast Asia, with a total hydropower installed capacity of 117 GW. The installed hydropower capacity is expected to grow further in order to meet the region’s growing electricity demand and electricity export opportunities, and to maximise the merits of a cost-effective and flexible low-carbon power source. However, climate change poses an increasing challenge to South and Southeast Asian hydropower with rising temperatures, extreme rainfall patterns, melting glaciers, and increasing occurrence of extreme weather events.This report aims to support South and Southeast Asian hydropower in…
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E4 Country Profile: Energy Efficiency in China
…that make China’s energy efficiency policy coverage well above the global average. Policy coverage for buildings includes China’s building codes and comprehensive appliance standards. These have been crucial to limiting the increase in energy use resulting from high rates of construction and higher rates of appliance ownership. Energy efficiency opportunities China has enormous energy efficiency improvement potential according to the IEA’s Efficient World Scenario (EWS). Ensuring that China seizes all efficiency opportunities in a cost-effective manner will be crucial for both China and the world’s transition to low-carbon energy.Energy consumption could reach a…
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Oil 2021
…recovery as a way to accelerate momentum towards a low-carbon future. The outlook for oil demand has shifted lower as a result of these trends, raising the prospect of a peak sooner than previously expected if governments follow through with strong policies to hasten the shift to clean energy.These forces are creating a dilemma for oil-producing countries and companies that are reluctant to leave resources in the ground or build new capacity that could sit idle. But if this leads to a shortfall in investment, it could also have geopolitical implications and heighten the risk of supply…
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Fuel economy in China
…already in place. Phase IV took effect in 2016, setting a new sales fleet average fuel consumption target of 5.0 L/ 100 km for 2020. Currently China has Phase V standards in place, with fleet average targets set at 4.0 L/ 100 km (NEDC) by 2025 and 3.2 L/100 km by 2030.China’s CAFC scheme is linked to New Energy Vehicle (NEV) credits. In short, manufacturers can generate credits through the production of vehicles based on vehicle efficiency, electric range and vehicle weight to lower the stringency of CAFC targets.In 2009, labels showing fuel…