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Enhancing China’s ETS for Carbon Neutrality: Introducing Auctioning
…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. It aims to inform policy makers in China and other jurisdictions considering including allowance…
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Meeting Power System Flexibility Needs in China by 2030
…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 informative for generalist readers.
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Clean Energy Transitions Programme 2023
…The remarkable impact of the CETP’s work during this period was reflected in several notable achievements, including the announcement of a new set of fuel standards for trucks in Indonesia, the Energy Transition Plan in Uganda and the establishment of regulations for the spot electricity market in China. These and other policies announced in 2023 were all closely aligned with IEA recommendations and reinforced the Agency’s status as a trusted advisor to emerging and developing countries. The programme’s accomplishments also included the publication of the IEA’s first Latin America Energy Outlook and a World Energy Outlook…
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Oil Market Report - October 2024
…and as field maintenance work in Kazakhstan and Norway lowered output. Non-OPEC+ supply growth of around 1.5 mb/d this year and next is led by the Americas, accounting for 80% of gains.Refining margins slumped further in September as gasoline, jet and diesel cracks deteriorated while crude prices improved on a relatively tighter market. As a result, global crude run estimates are further reduced by 180 kb/d to 82.8 mb/d for 2024 and by 210 kb/d to 83.4 mb/d in 2025, representing annual gains of 540 kb/d and 610 kb…
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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…
