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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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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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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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The Role of China’s ETS in Power Sector Decarbonisation
…and it will come into operation in 2021. Initially covering the power sector, which accounts for over 40% of China’s energy-related CO2 emissions, the ETS is set to subsequently be expanded to other energy-intensive sectors. China’s national ETS could be an important market-based instrument to help the country meet its recently enhanced climate goals to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.
This report explores how China’s ETS can spur emissions reductions from electricity generation and support power sector transformation. It builds on understanding of power sector development and… -
Oil 2021
…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 leave resources in the ground or build new capacity that could sit idle. But if this leads to a shortfall in investment, it could also have geopolitical implications and heighten the risk of supply…
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Climate Impacts on South and Southeast Asian Hydropower
Hydropower accounts for 14.5% of total electricity generation in South and Southeast Asia, with a total hydropower installed capacity of 117 GW. The installed hydropower capacity is expected to grow further in order to meet the region’s growing electricity demand and electricity export opportunities, and to maximise the merits of a cost-effective and flexible low-carbon power source. 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…
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E4 Country Profile: Energy Efficiency in China
…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 peak by 2030 and save 16 EJ - the equivalent of France and Germany’s energy use - by 2040 compared to current trends. These savings would come from the industrial (41%) and transport (30%) sectors. Moreover, CO2 emissions could fall 26% below current levels, preventing 2 Gt CO2-eq additional emissions by 2040 compared to current trends. The opportunities to increase energy efficiency based on the Efficient World Scenario are…
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Fuel economy in China
…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 consumption, fuel type, rated power and vehicle weight, among other details, were made mandatory for passenger vehicles. China also offers subsidies on the purchase of plug-in hybrid and battery electric vehicles, which favour greater vehicle efficiency and vehicles with longer driving range and high-density batteries…