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Integrated National Energy and Climate Plan (2023-2050)
The increased penetration of RES will constitute one of the most important objectives reaching 33.6% share in the gross final energy consumption. New capacities will be installed by 2030 and the increase of the share from 30% in 2021 to 45% in 2030.
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First Basic Plan for 2015-2024 - Domestic Emission Trading Scheme
Korea introduced in 2015 its national emissions trading scheme. In a first phase, the power market will conduct a demonstration project, based on the baseline matrix scheme, and in the next phase other industries like refinery, petrochemical, and steel by electric furnace will constitute a new carbon market. In the last phase, a general emission trading market will be established where the government itself participate as a buyer to absorb the credit offered by the renewable energy and ESCO (energy service company) projects.
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Industrial Carbon Peak and Carbon Neutrality Standard System Construction Guide
The guide outlines China's strategy to achieve carbon peak by 2030 and carbon neutrality by 2060 in the industrial sector. It includes a framework for developing standards in key areas such as general standards, accounting and verification, technology and equipment, monitoring, and management and evaluation. The guide emphasizes the importance of integrating low-carbon technologies, enhancing international cooperation, and ensuring the effective implementation of standards to support the transition to a low-carbon industrial model.
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IEA to host Mission Innovation Secretariat in step to enhance international energy technology cooperation
Mission Innovation’s 24 member governments from around the world approve basing the secretariat at IEA headquarters, cementing collaboration between the organisations The International Energy Agency will host the Mission Innovation Secretariat, a global government initiative that works to catalyse action and investment in research, development and demonstration of advanced energy technologies.The decision for the Mission Innovation Secretariat to join several other global initiatives at the Paris headquarters of the IEA, the world’s energy authority, has been approved by the member governments of both organisations.Mission Innovation was launched in 2015 with the goal of helping to make…
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Nkeiruka Onyejeocha
Minister of Labour and Employment, Nigeria.
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Recovery and resilience plan - Energy efficiency, green heating and CCS
…plan is composed of seven initiatives, one of which relates to energy efficiency improvements in buildings and technology innovation such as carbon capture and storage (CCS). This component is divided into the following initiatives: - Replacing oil burners and gas furnaces: DKK 645 million (2021-2025) - Energy efficiency in industry: DKK 315 million (2022-2025) - Energy renovations in public buildings: DKK 315 million (2021-2025) - Energy efficiency in households: DKK 565 million (2021-2025) - CCS-storage potential: DKK 200 million (2021-2022) The initiative aims at decreasing 0.1 Mt CO2 by 2025 and 0.1 Mt CO2 by 2030.
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Energy demand in industry by sector, 2015-2024
Energy demand in industry by sector, 2015-2024 Energy system 2026