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Global Energy and Climate Model Techno-economic inputs
The Global Energy and Climate Model (GEC Model) uses macro drivers, techno-economic inputs and policies as input data to design and calculate the scenarios. The values for the different data categories and scenarios used in the GEC Model 2025 can be downloaded here.In particular more details regarding power generation technology costs for the Current Policies Scenario, the Stated Policies Scenario and the Net Zero Emissions by 2050 Scenario can be downloaded in excel format, including detailed projections at the 2050 horizon regarding overnight capital costs, annual O&M costs, efficiencies and other contributors to electricity costs at regional…
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Austria 2026 Executive summary
Austria has one of the most ambitious climate and energy targets in the world; achieving them requires actionable delivery strategies and adequate funding. The country’s commitments to climate neutrality by 2040 – a full decade ahead of the European Union (EU) – and a 100% renewable share in the national annual electricity balance by 2030 are bold. These goals are underpinned by a large hydropower fleet (accounting for around 60% of electricity generation), including 5.6 gigawatts (GW) of pumped hydro storage and a nationwide smart meter roll-out. Austria has the highest share of renewable energy in electricity consumption in the…
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The 14th Five-Year Comprehensive Work Plan on Energy Conservation and Emission Reduction
According to the plan, by 2025, China aims to reduce energy consumption per unit of gross domestic product by 13.5 % from the 2020 baseline, while keeping total energy consumption at reasonable levels, leading the world in energy efficiency and controlling emissions from major pollutants in key industries.The plan includes five main parts: general requirements, main objects, key energy conservation and emission reduction projects, policies, and implementation. Provisions relevant to the energy sector are summarized below.Focus industries· Focus on steel, non-ferrous metals, construction materials, petrochemical and chemical industries. The plan includes action to upgrade the steel, cement…
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Hong Kong's 25.6 million subsidy to EV maker
Hong Kong will provide a subsidy of up to HK$ 200 million ($25.6 million) to China’s Hozon Auto, which could alleviate the financial pressure on the electric vehicle startup and facilitate its expansion in overseas markets. In addition to providing a $25.6 million subsidy, the Hong Kong government will also help with a $200 million cornerstone investment for Shanghai-based Hozon.
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Investment on Critical Raw Minerals
The German government announced of its plan to invest €1 billion on raw materials to reduce its dependencies on other countries such as China. The investment will go towards raw materials extraction, processing and recycling. The budget, to be valid for 4 years from 2024 onwards, has been approved by the Federal government. However, actual details of the plans have yet to be disclosed.
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Uyghur Forced Labor Prevention Act
An act to ensure that goods made with forced labor in the Xinjiang Uyghur Autonomous Region of the People's Republic of China do not enter the United States market and for other purposes (Public Law 117-78) is designed to prevent the entry of goods produced with forced labour in the Xinjiang Uyghur Autonomous Region of China into the U.S. market. It aims to strengthen the prohibition against importing such goods and lead international efforts to combat forced labour. The law emphasises cooperation with Mexico and Canada, implementing measures specified in the United States-Mexico-Canada Agreement. It…
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Harmonized Tariff Schedule of the United States Revision 1 (2024)
In May 2024, the US government announced new and increased tariffs rates on imports from China : Certain Steel and Aluminium Products : increased from 0-7.5% to 25% in 2024Semi-conductors : increased from 25% to 50% in 2025Electric Vehicles : increased from 25% to 100% in 2024Batteries : increased from 7.5% to 25% in 2024Battery Components, Parts, and Critical Minerals (including natural graphite and permanent magnets : set up a 25% import tariff in 2024 or 2026Photovoltaic Cells : increased from 25% to 50% in 2024Many of these replace tariffs introduced in 2018, where an additional 25% tariff on top of existing baseline…
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Seven Year Action Plan to Enhance Oil and Gas Exploration and Development Efforts
The Seven-Year Action Plan to Enhance OIl and Gas Exploration and Development Efforts aims at increasing China's oil and gas strategic reserves between 2019 and 2025 by bolstering China's upstream development. Oil companies are entitled to increase reserves and production from 2019 to 2025.
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Catalogue of Technologies Prohibited from Export and Restricted for Export
On December 21, 2023, China's Ministry of Commerce released the "Catalogue of Technologies Prohibited and Restricted for Export," which includes a total of 24 categories prohibited for export and 110 categories restricted for export. Export prohibition applies to for rare earth mining, mineral processing, smelting technology, synthesis processes of rare earth extractants, raw material equipment technology, epitaxial technology for single-crystal light-emitting screens, integrated circuit manufacturing technology, and Beidou satellite navigation system information transmission encryption technology.Export restrictions apply to non-ferrous metal metallurgical technology, gas turbine manufacturing technology, 3D printing technology, basic process technology of large petrochemical…
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National New Energy Vehicle Technology Innovation Center
The National New Energy Vehicle Technology Innovation Center was initiated by the Chinese government as a collaborative innovation organization for China's major electric vehicle developers. The center aims to foster research and development collaboration and enhance patent quality. Through its IP operation platform, the center promotes the development of the new energy vehicle industry by facilitating the trading of IP usage rights and providing access to a comprehensive patent database.