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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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Clean Energy Transitions Programme 2020
…on energy markets and systems, and set out near-term actions that could help accelerate clean energy transitions.Relying on the independent, data-grounded approach and unique expertise of the IEA, the programme continues to be uniquely situated to provide targeted analysis and recommendations even as the crisis affects the energy sector. The IEA has done this through initiatives such as the Global Sustainable Recovery Plan and other efforts such as exploring ways to enhance private-sector investment in transmission in Southeast Asia; identifying ways to attract private power sector investment to fund sustainable recovery in Indonesia; engaging with partners…
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The Role of China’s ETS in Power Sector Decarbonisation
The People’s Republic of China (“China”) officially launched its national emissions trading system (ETS) in 2017, 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… -
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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Oil 2021
…implications be for the refining industry and trade flows?
Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead. Executive summary A new normal for oil markets? The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (Covid-19) pandemic in 2020. The staggering inventory surplus that built up last year is being worked off and global oil stocks, excluding strategic reserves…
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An energy sector roadmap to carbon neutrality in China
…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 warming to 1.5 °C. This report, An Energy Sector Roadmap to Carbon Neutrality in China, responds to the Chinese government’s invitation to the IEA to co-operate on long-term strategies by setting out pathways for…
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E4 Country Profile: Energy Efficiency in China
…programmes, such as digital energy labelling and reinforcement of the mandatory TOP 10 000 scheme in the industrial sector, which have been applauded by the international community. These are key policies 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…
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Fuel economy in China
…10.6% annually.China’s LDV market has substantially changed with the sales share of city cars contracting from 22% in 2005 to 4% in 2019, while the market for SUV/pick-ups ballooned from 6% in 2005 to 42% in 2019. As a result, the average weight of LDVs in China increased 23% since 2005 and reached 1 476 kg in 2019, nearly the same as the global average.Gasoline powertrains continue to dominate the LDV market in China, accounting for 93% in 2019. However, shares of electric, plug-in and hybrid powertrains have continued to grow since 2005…