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Clean Energy Transitions Programme 2023
…Energy Outlook and a World Energy Outlook Special Report on universal access to clean cooking in Africa. Additional highlights included annual updates of our World Energy Investment and World Energy Employment reports along with many others.The programme also provided support to the IEA’s strategically important work on energy efficiency, critical minerals, energy employment, clean energy investment and people-centred energy transitions. The CETP supported the IEA’s efforts to improve energy data collection and to develop capacity among policy makers in partner countries. It contributed to the Agency’s role as a key coordinator of the global energy…
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The Future of Heat Pumps in China
Growing demand for heat pumps in China is driving progress towards energy & climate goals Heating is a fundamental service to society that needs to be decarbonised further, and heating choices in China have a major influence on global heating trends. China is responsible for nearly 33% of global heat consumption, with the share of the industrial sector accounting for as much as 40%, and the buildings sector for around 20%. Electrification through heat pumps can provide a key lever for decarbonising heating, and sales have increased in recent years in China, driven by growing demand for space and water heating…
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Meeting Power System Flexibility Needs in China by 2030
…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 and experts from around the world intending to contribute to power sector reforms, the report also aims to be…
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Enhancing China’s ETS for Carbon Neutrality: Introducing Auctioning
…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, and the use of auction revenues…
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Oil Market Report - October 2024
…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 deceleration in growth, accounting for around 20% of global gains both this year and next year, compared to almost 70% in 2023.Global oil supply plunged by 640 kb/d in September to 102.8…
