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Developing China's Natural Gas Market
…an increasing recognition of the many advantages of natural gas and by the need to diversify its coal-dominated energy supply, China’s natural gas industry is poised for rapid expansion. This study describes China’s gas market situation and examines the key issues facing its industry and policy makers. Drawing on the experiences and lessons from developed gas markets around the world and taking into account the specific circumstances of the Chinese gas market, it also offers a number of policy suggestions for the Chinese government to consider in its effort to boost the country’s natural gas industry…
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Partner Country Series - Gas Pricing: China’s Challenges and IEA Experience
Partner Country Series - Gas Pricing: China’s Challenges and IEA Experience In line with its aim to meet growing energy demand while shifting away from coal, the People's Republic of China set an ambitious goal of doubling its use of natural gas from 2011 levels by 2015. Prospects as of 2012 were good for significant new supplies – both domestic and imported, conventional and unconventional – to come online in the medium term, but notable challenges remained, particularly concerning gas pricing and the institutional and regulatory landscape. While China’s circumstances are, in many respects unique, some current issues are similar…
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Implementing Clean Energy Transitions
…impact of the road transport sector on energy demand, CO2 emissions and air pollution in several selected major emerging economies over the coming decades under several IEA modelling scenarios. Most notably the Announced Pledges Scenario (APS) aims to show to what extent announced ambitions and targets, including the most recent ones, are on the path to deliver emissions reductions required to achieve net zero emissions by 2050.Bringing about a road transport decarbonisation pathway in line with the APS in the selected major emerging economies - Brazil, People’s Republic of China, India, Indonesia, Mexico and South Africa - will require significant…
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Building a Unified National Power Market System in China
…People’s Republic of China (hereafter, “China”) has 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. Provinces have taken a leading role in designing and implementing markets. To improve sharing of resources, the guidance to implement a unified national market system pushes for more co-ordination between provinces.The main audience of this report is policy makers in China and all experts intending to contribute to power sector reforms. Other readers will also find information on…
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The Role of Gas in Today's Energy Transitions
…intensive fuels.Since 2010, coal-to-gas switching has saved around 500 million tonnes of CO2 - an effect equivalent to putting an extra 200 million EVs running on zero-carbon electricity on the road over the same period. Country analysis The four countries and regions chosen for in-depth analysis in this report – the United States, Europe, China and India – display a wide range of market and policy dynamics, which affects the ways in which coal and gas compete. In the United States, the shale revolution has had a dramatic effect on gas supply and prices. Alongside some state-level…
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China's Power Sector Reforms: Where to next?
China's Power Sector Reforms: Where to next? In 2005, China added the equivalent of all the power plants in Norway and Sweden to its electricity generating capacity - and its remarkable demand growth shows no sign of abating. But how can the government best assure affordable and environmentally sustainable electricity supply in the future? Assessing the current state of electricity regulation in China, this report draws on experience elsewhere to explore how better to develop and communicate strategy, how to moderate growth in demand through increased efficiency, how to integrate environmental goals into planning and operation, how to ensure sufficient…
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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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Power Sector Reform in China
…of China’s power sector and at those Chinese readers looking for international experiences that are relevant to the implementation of China’s current power sector reforms. The report explains many of the unique features of China’s power sector and provides the context necessary to understand both the prevailing institutional framework and the level of ambition of the ongoing reforms under “Document No 9”, the most recent effort of the Chinese government to update the rules governing the largest power sector in the world. Considering the challenges ahead, the IEA presents a series of examples from power reforms elsewhere…
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Oil and Gas Emergency Policy: China 2012 update
Oil and Gas Emergency Policy: China 2012 update The People's Republic of China is one of the most important oil- and natural gas-producing counties in the world. Although coal is the dominant energy source in China, accounting for some 70% of the country’s total energy consumption (TEC) in 2009, oil and gas are also essential energy sources. Despite strong growth in consumption of oil, its share of TEC fell in 2009, as coal use rose even faster to meet burgeoning demand for electricity. Although China is now the world’s fifth-largest oil producer, the country has…
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Oil Market Report - June 2017
…Europe, Singapore and in vessels offshore, but rising in the US and China.Benchmark crude oil prices fell after 23 May, reflecting lower expectations about the pace of global market rebalancing. At publication time, crude prices are close to the levels when the OPEC output deal was announced. Fuel oil prices and cracks were boosted as stocks fell to their lowest level in two years due to tight supplies of sour crudes. Gasoline and naphtha prices fell.Record high US refinery throughput in April and May led to upward revisions to our 2Q17 and 3Q17 forecasts. Global refinery intake is projected to reach…