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Tracking Clean Energy Innovation: Focus on China
…key energy technology areas, such as solar photovoltaics (PV), wind turbines and batteries for electric vehicles (EVs). Looking forward, China’s focus on technology innovation and development is expected to strengthen, notably to deliver on long-term carbon neutrality objectives and position the country in global value chains for clean energy technologies. This has important implications for global policy discussions, as China’s ability to innovate effectively will have implications for global energy transitions. Mapping China’s innovation landscape This report serves as an extension to the chapter on “Innovation for carbon neutrality” in the IEA Energy Sector Roadmap to…
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How much will renewable hydrogen production drive demand for new renewable energy capacity by 2027?
…offshore wind projects account for less than 1% of new renewable capacity built for electrolyser plants between 2022 and 2027.China is expected to deploy over 18 GW of dedicated renewable capacity by 2027, prompted by the central government’s goals to decarbonise industry and transport as well as an industrial policy on electrolyser manufacturing. While the central government announced renewable hydrogen production targets in its 14th Five-Year Plan, the main catalysts for growth are provincial and local-level policies. Thus, expansion is expected to be concentrated in provinces with good solar and wind resources and specific targets for…
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Clean Energy Transitions Programme 2021
…Latin America, the People’s Republic of China, India, Indonesia, Southeast Asia and Africa). It then discusses cross-cutting activities, implemented globally.Recognising the excellent results achieved under the CETP, which are presented in the Annual Report 2021 and previous editions, at the IEA Ministerial Meeting in March 2022 representatives from 15 IEA member countries and the European Commission, on behalf of the European Union, reaffirmed their commitment through the CETP to further strengthen IEA capabilities to accelerate the transformation towards a global net zero energy system, in line with the IEA’s strengthened clean energy mandates and Programme of Work.
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Enhancing China’s ETS for Carbon Neutrality: Focus on Power Sector
Co-ordinating climate and renewable energy policy The pace of emissions reductions of the People’s Republic of China (hereinafter, “China”) over the coming decades will be an important factor in global efforts to limit global warming to 1.5°C. The power sector is central to achieving China’s stated climate ambition of peaking CO2 emissions before 2030 and achieving carbon neutrality before 2060. Accelerating the sector’s decarbonisation requires a well-coordinated policy mix. This report, Enhancing China's ETS for Carbon Neutrality: Focus on Power Sector, responds to the Chinese government’s invitation to the IEA to co…
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Opportunities for Hydrogen Production with CCUS in China
Hydrogen and carbon capture, utilisation, and storage (CCUS) are set to play important and complementary roles in meeting People’s Republic of China’s (hereafter, “China”) pledge to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060. Hydrogen could contribute to China’s energy system decarbonisation strategy, such as through the use as a fuel and feedstock in industrial processes; in fuel cell electric transport, and for the production of synthetic hydrocarbon fuels for shipping and aviation. The analysis of scenarios in this report suggests that while hydrogen from renewable power electrolysis could meet the majority of…
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Energy Transitions Require Innovation in Power System Planning
…decarbonises. The first is that variable renewables will increasingly be the foundation of low carbon power generation. The second is that power will be responsible for an increasing share of total energy demand, as electrification becomes a pathway to decarbonisation. Emerging economies are central to global emissions reduction, since they typically have high shares of fossil fuel generation and because electricity demand is expected to significantly increase along with economic growth and greater electricity access. Increasing shares of variable renewable energy such as solar and wind will mean power systems need to become more flexible. At the same time, the…
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Oil Market Report - June 2022
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is forecast to reach 101.6 mb/d in 2023, surpassing pre-pandemic levels. While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in…
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Oil Market Report - February 2022
…d, as restrictions to contain the spread of Covid ease.The global refining industry has underperformed relative to demand for the past six quarters and this is set to continue for most of 2022. The 3.8 mb/d forecast increase in throughputs this year lags behind demand growth even as 4Q22 runs are forecast to surpass pre-pandemic levels. Further upside is capped by closures and higher energy costs affecting refinery margins.OECD industry oil stocks declined by a steep 60 mb in December, led by large draws in middle distillates across all regions. At 2 680 mb, oil…
