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An energy sector roadmap to carbon neutrality in China
An energy sector roadmap to carbon neutrality in China In September 2020, President Xi Jinping announced that the People’s Republic of China will “aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060”. Amid the growing wave of governments around the world setting targets for reaching net zero emissions, no pledge is as significant as China’s. The country is the world’s largest energy consumer and carbon emitter, accounting for one-third of global CO2 emissions. The pace of China’s emissions reductions will be an important factor in global efforts to limit global…
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The Role of China’s ETS in Power Sector Decarbonisation
…s declaration of the People’s Republic of China’s (“China”) aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060 set a ground-breaking vision for the country for the next four decades. China also announced in December 2020 that it would enhance its Nationally Determined Contribution (NDC) under the Paris Agreement for 2030, including reducing its CO2 emissions intensity per unit of GDP by more than 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…
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Oil 2021
…rapid changes in behaviour: from new working-from-home models to cuts in business and leisure air travel. At the same time, more and more governments are focusing on the potential for a sustainable 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…
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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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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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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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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…
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Climate Impacts on South and Southeast Asian Hydropower
…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 coping with the adverse impacts of climate change and in developing a tailored set of climate resilience measures based on a comprehensive assessment of climate risks and impacts. This report qualitatively assesses climate risks to South and Southeast Asian hydropower and quantitatively examines potential climate impacts, comparing three climate scenarios. Based on the assessment, it identifies measures to enhance climate resilience…
