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Post Covid-19, further reform is necessary to accelerate China’s clean energy future
…the overall economy. The International Monetary Fund expects the global economy to contract by 4.8% in 2020, while IEA analysis estimates that total energy demand will decline by 6% and oil demand by almost 8% this year.The lockdown measures imposed by governments around the world have tended to result in very sharp declines in energy use followed by dynamic recoveries as societies emerge from confinement, especially in China where the post-Covid recovery was fast both from a medical and economic point of view. The impact on different parts of the energy system has varied widely, depending on…
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Oil Market Report - February 2020
…bbl during January in anticipation of a negative impact on demand from Covid-19. The price of grades from the Middle East, North Sea and West Africa, popular with Chinese refiners, fell while the Libyan outage was supportive for alternative crudes from Algeria and Azerbaijan. The coronavirus also weighed on product cracks, in particular jet/kerosene, although reports of Chinese run cuts provided support. Highlights Global oil demand has been hit hard by the novel coronavirus (Covid-19) and the widespread shutdown of China’s economy. Demand is now expected to fall by 435 kb/d y-o-y in…
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Renewables 2020
…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 the electricity heat and transport sectors. Executive summary Renewables’ resilience is driven by the electricity sector In sharp contrast to all other fuels, renewables used for generating electricity will grow by almost 7% in 2020. Global energy demand is set to decline 5% …
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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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Clean Energy Transitions Programme 2019
…41%: Proportion of global CO2 emissions from fuel combustion emitted by CETP priority countries36 exchanges with ministers and high-level officials96 technical exchanges in CETP priority countries15 capacity-building events1 709 participants trained41 reports produced or enhanced7.2: CETP 2019 budget (in EUR millions)**These figures are estimated projections and are provided for information purposes only. Formal financial reports will continue to be provided in established and agreed formats to member countries via the Committee on Budget and Expenditure and to individual donors via financial reports. CETP progress in 2019 The first two years of the Clean Energy Transitions Programme (CETP…
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Global EV Outlook 2020
… 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 learning from frontrunner markets to inform…
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China’s Emissions Trading Scheme
…of global CO2 emissions from fossil-fuel combustion.
The initial years of operation will be crucial to test the ETS’s design and establish trust. Given the dominance of coal power in China’s power sector and in its overall CO2 emissions, how the country’s fleet of coal-fired power plants is managed will be essential for China to meet its climate goals and other sustainable energy goals. The effect of the ETS on the operation of coal-fired power is worth examining because the ETS will co-exist with a suite of other policies, such as energy conservation…