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Clean Energy Transitions Programme 2021
Annual report 2021 The Clean Energy Transitions Programme (CETP) has enabled the International Energy Agency (IEA) to significantly expand and deepen its global engagement and to support emerging economies’ transition to clean, resilient, sustainable energy systems. In 2021 the CETP marked its fourth full year since its launch at the 2017 IEA Ministerial Meeting, and the programme has steadily grown in size and impact.The CETP Annual Report 2021 aims to provide all CETP donors and partners with insights on the programme’s accomplishments, outputs and efforts across all areas of work. The report highlights activities and achievements for each…
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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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Enhancing China’s ETS for Carbon Neutrality: Focus on Power Sector
…carbon emissions trading systems (ETS) and synergies across energy and climate policies. It shows that an enhanced ETS could lead the electricity sector toward an emissions trajectory that is in line with China’s carbon neutrality target. This report also explores the interactions and effects of China’s national ETS with its renewable energy policy in the electricity sector, namely renewable portfolio standards (RPS). It examines the impact of different Enhanced ETS Scenarios on CO2 emissions, generation mix, cost‑effectiveness and interaction with RPS. The report concludes with a series of policy insights to inform China’s climate and energy debate…
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Tracking Clean Energy Innovation: Focus on China
…the global stage as an energy innovator, as illustrated by the stories of solar power and, more recently, electric mobility. This is the result of several decades of increasing policy focus on technology innovation, which underpin China’s ambitions to become a producer of knowledge and foster innovation-driven socio‑economic development. Looking forward, clean energy innovation will play a crucial role to achieve China’s objectives of carbon peaking by 2030 and neutrality by 2060, and ranks among core government priorities for the 14th Five-Year Plan period (2021‑2025).This report builds on the IEA Energy Sector Roadmap to Carbon…
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How much will renewable hydrogen production drive demand for new renewable energy capacity by 2027?
Renewables 2022 This report forms a component of Chapter 4 of Renewables 2022 and addresses a key question in renewable energy markets. Hydrogen production from renewable electricity is expected to play an important role in reaching long-term decarbonisation goals and improving energy security. While less than 1% of global hydrogen production comes from renewable energy sources today, renewable hydrogen is receiving increasing policy attention. A total of 25 countries, plus the European Commission, have announced plans that include hydrogen as a source of clean energy, and several have begun to introduce financial support schemes. As a result, project pipelines for using…
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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…
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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…