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Oil Market Report - October 2024
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 on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period. China underpins the…
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Clean Energy Transitions Programme 2023
…with a particular focus on emerging markets and developing economies. The first of these focuses on supporting emerging and developing countries to establish clean energy transition goals, in line with the objectives of the 2015 Paris Agreement and the Sustainable Development Goals established by the United Nations. The second pillar centres on facilitating coordination among multilateral organisations such as the Group of 20 (G20) and UN-affiliated collaborations. The final pillar showcases the IEA’s work at a global level to enable and accelerate clean energy transitions.The CETP Annual Report 2023 provides an overview of the programme’s achievements…
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Meeting Power System Flexibility Needs in China by 2030
…been making big steps towards implementing markets, and the goals announced in 2020 of carbon dioxide emissions peaking before 2030 and carbon neutrality before 2060 have added momentum to expand their footprint.This report investigates the evolving flexibility requirements of China’s power system as it transitions towards a cleaner energy mix. The analysis aims to present a market-based policy toolkit that can enhance flexibility, especially during the 15th Five-Year Plan period (2026-2030), focusing on short-term flexibility solutions for the integration of variable renewable energy.Though the main audience of this report is policy makers in China…
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Enhancing China’s ETS for Carbon Neutrality: Introducing Auctioning
…policy instrument for achieving its stated climate ambition of peaking CO2 emissions before 2030 and achieving carbon neutrality before 2060. This report, Enhancing China’s ETS for Carbon Neutrality: Introducing Auctioning – Lessons from international experience, responds to the Chinese government’s invitation to the IEA to co-operate on carbon emissions trading systems. It shows how introducing auctioning could strengthen its national ETS and help China accelerate the clean energy transition and advance towards its climate ambitions. Drawing on international experiences on implementing allowance auctioning in ETS systems, this report explores policy aims and outcomes, key design and implementation elements…
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The Future of Heat Pumps in China
…demand for space and water heating, and clean heating policies. This report, prepared in collaboration with Tsinghua University, provides an overview of the status of heat pumps in buildings, industry and district heating in China, and examines potential to further accelerate deployment. Heat pumps can play an important role towards meeting China’s goal of CO2 emissions peaking before 2030 and achieving carbon neutrality before 2060, and this report highlights key opportunities to increase adoption. Ahead of the 15th Five-Year-Plan period, this report considers the key policy measures that can address barriers to uptake and further accelerate deployment.
