\n
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\n \n clean energy investments maintained rapid growth in 2023\n <\/a>\n <\/h2>\n \n
context: <\/strong>Clean energy investment was a key driver of the PRCs economic growth in 2023, contributing C¥11.4 tn according to a report by CarbonBrief. Investment was spurred by rise of the ‘three new export products’<\/a> (new energy vehicles, lithium batteries and solar photovoltaics) and a number of large-scale solar and wind projects. <\/em><\/p>\n\n <\/div>\n \n
context: <\/strong>Clean energy investment was a key driver of the PRCs economic growth in 2023, contributing C¥11.4 tn according to a report by CarbonBrief. Investment was spurred by rise of the ‘three new export products’<\/a> (new energy vehicles, lithium batteries and solar photovoltaics) and a number of large-scale solar and wind projects. <\/em><\/p>\n
According to Zhang Xing \u5f20\u5174 NEA (National Energy Administration) Comprehensive Department deputy director, in 2023 <\/p>\n
\n
completed investment in new energy increased 34 percent y-o-y \n
\n
solar power generation exceeded C¥670 bn \n
\n
centralised PV (photovoltaics) investment in Yunnan, Hebei and Xinjiang increased by more than 100 percent y-o-y <\/li>\n<\/ul>\n<\/li>\n
wind power investment exceeded C¥380 bn \n
\n
onshore wind was accelerated in Liaoning, Gansu and Xinjiang <\/li>\n
large off-shore wind projects were concentrated in Guangdong and Shandong <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
investment in supportive regulated power supply increased by more than 12 percent y-o-y <\/li>\n
nuclear power projects were accelerated and investment in large-scale hydropower projects continued to recover <\/li>\n
new energy vehicle infrastructure increased \n
\n
95 percent of highway service areas are equipped with charging facilities <\/li>\n
all expressway service areas in 15 provinces and cities, including Beijing, Shanghai, Hebei and Anhui have charging infrastructure<\/li>\n
12 provinces have achieved ‘full county’ coverage of charging stations and ‘full township’ coverage of charging piles <\/li>\n<\/ul>\n<\/li>\n
coalbed methane production increased 20.5 percent y-o-y \n
\n
coalbed methane production reached 11.77 bn cubic metres, an increase of 20.5 percent y-o-y, and investment exceeded C¥10 bn <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
Overseas clean energy investments are spread across many countries, and export of wind and PV products continues to expand. Pan Huimin \u6f58\u6167\u654f, NEA International Cooperation Department deputy director, pointed out that while China is supporting development of clean energy globally, it also welcomes international companies to invest in China and promote the development of clean energy. <\/p>\n\n <\/div>\n
\n view more<\/a>\n 25 Jan 2024<\/div>\n <\/div>\n <\/div>\n
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Source<\/h4>\n
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\n source<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
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Sectors<\/h4>\n
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energy transition<\/div>\n
going global<\/div>\n
exports<\/div>\n
coal<\/div>\n
nuclear<\/div>\n
renewables<\/div>\n
wind<\/div>\n
hydro<\/div>\n
solar<\/div>\n
NEVs<\/div>\n
electricity<\/div>\n
carbon neutrality<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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\n \n China certified emission reduction scheme officially restarts\n <\/a>\n <\/h2>\n \n
context: <\/strong>The CCER (China Certified Emission Reduction) scheme was paused in 2017 due to low trading volume and a lack of standardisation among projects. Relaunch follows the issuance of a series of guidelines<\/a> designed to enhance regulatory oversight. Currently, the trading market is accessible to projects in four primary sectors:<\/a> forestry, mangrove planting, solar thermal and offshore wind. It remains to be seen whether further updates will arrise on cross-border trading or expanding eligible projects. <\/em><\/p>\n\n <\/div>\n \n
context: <\/strong>The CCER (China Certified Emission Reduction) scheme was paused in 2017 due to low trading volume and a lack of standardisation among projects. Relaunch follows the issuance of a series of guidelines<\/a> designed to enhance regulatory oversight. Currently, the trading market is accessible to projects in four primary sectors:<\/a> forestry, mangrove planting, solar thermal and offshore wind. It remains to be seen whether further updates will arrise on cross-border trading or expanding eligible projects. <\/em><\/p>\n
The national voluntary CCER (China Certified Emission Reduction) trading market was officially restarted in Beijing on 22 January 2024, reports Caixin<\/em>. Ding Xuexiang \u4e01\u859b\u7965 State Council vice-premier attended the launch ceremony. <\/p>\n
The first transaction came from CNOOC (China National Offshore Oil Company) Gas and Power Group, purchasing the equivalent of 250,000 tonnes in emissions reductions. As a buyer in the CCER market, CNOOC can offset one tonne of emissions by purchasing one tonne of emissions reductions. The emissions traded by the company will be used to fulfil the CO2 obligations of its thermal power companies in the third compliance cycle. <\/p>\n
The buying price of CCER in January 2024 is expected to be around C¥61.32\/tonne, according to Fudan University Sustainable Development Research Centre. Currently participation in the national carbon market is restricted to the electricity generation industry. During the third cycle, cement and electrolytic aluminium, two industries with relatively simple processes and data accounting methods, are expected to take the lead in expanding capacity, reports Caixin<\/em>. <\/p>\n\n <\/div>\n
\n view more<\/a>\n 23 Jan 2024<\/div>\n <\/div>\n <\/div>\n
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Source<\/h4>\n
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\n Caixin<\/a>
\n Xinhua<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
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gas<\/div>\n
petroleum<\/div>\n
coal<\/div>\n
electricity<\/div>\n
forests<\/div>\n
carbon neutrality<\/div>\n
carbon market<\/div>\n
green finance<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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\n \n 2024 National Energy Work Conference held\n <\/a>\n <\/h2>\n \n
context: <\/strong>The annual National Energy Work Conference reviews the year and announces priorities for the upcoming year. Last year's meeting<\/a> was led by NEA (National Energy Administration) director. 2023 marks the first time since 2020 that the NDRC (National Development and Reform Commission) director (Zheng Shanjie \u90d1\u6805\u6d01 was appointed in March) has joined the meeting.<\/em><\/p>\n\n <\/div>\n \n
context: <\/strong>The annual National Energy Work Conference reviews the year and announces priorities for the upcoming year. Last year's meeting<\/a> was led by NEA (National Energy Administration) director. 2023 marks the first time since 2020 that the NDRC (National Development and Reform Commission) director (Zheng Shanjie \u90d1\u6805\u6d01 was appointed in March) has joined the meeting.<\/em><\/p>\n
The 2024 National Energy Work Conference was held in Beijing on 21 December, reports NEA (National Energy Administration. Zheng Shanjie \u90d1\u6805\u6d01 NDRC (National Development and Reform Commission) director and Zhang Jianhua \u7ae0\u5efa\u534e NEA director gave speeches, both stressing Party and State Council instructions.<\/p>\n
The NEA readout highlights that the national energy system is steadfastly embracing the overarching principle of advancing while ensuring stability and in 2023 this was exhibited through <\/p>\n
\n
theme education focused on understanding and implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era<\/li>\n
securing a stable energy supply: safeguarding of national energy security is the paramount duty\n
\n
the role of coal as a reliable backup has been harnessed, and diverse measures to bolster oil and gas supplies have been implemented<\/li>\n<\/ul>\n<\/li>\n
accelerating green and low-carbon energy transformation: rigorous planning and policy support are being reinforced to sustain the robust growth of non-fossil energy sources, establishing a solid foundation for ongoing green development<\/li>\n
strides made in the depth of energy reform and innovation<\/li>\n
expanding high-level international energy cooperation<\/li>\n
implementing the ‘two responsibilities’ for comprehensively and strictly governing the Party<\/li>\n<\/ul>\n
Reporting on the current status, the readout highlights that<\/p>\n
\n
the total installed power generation capacity has reached 2.9 TW<\/li>\n
from January-November 2023, renewable energy generated 3 tn KWh, providing for 1\/3 of power consumption<\/li>\n
wind power and solar PV (photovoltaic) power generation stood for 15 percent of consumption<\/li>\n
45 GW in the first batch of large energy bases has been connected to the grid, 50 GW more in the second and third batch is under construction<\/li>\n
decentralised solar PV now covers more than 5 million rural households<\/li>\n
raw coal inventory at power plants are sufficient to sustain operations for a period of 26 days<\/li>\n<\/ul>\n
In 2024, the crux of the strategy lies in<\/p>\n
\n
accelerating the construction of the new development concept<\/li>\n
harmonising development with security<\/li>\n
advancing the energy revolution<\/li>\n
expediting a new energy system and a new power systems<\/li>\n
reinforcing energy production, supply, storage and marketing systems<\/li>\n<\/ul>\n
The meeting set quantative targets, including<\/p>\n
\n
keeping oil production at 200 million tons<\/li>\n
increasing natural gas production<\/li>\n
approximately 200 GW of new wind and solar PV installed<\/li>\n
four new nuclear power plants, adding 5GW to the total<\/li>\n<\/ul>\n
The readout highlights this will be done through <\/p>\n
\n
ensuring energy security, leveraging PRC's energy resource endowment<\/li>\n
progressing on ‘dual carbon’ goals and tasks<\/li>\n
more self-reliance in energy scitech<\/li>\n
supporting the reform towards unified national markets, by\n
\n
promoting market-oriented electricity transactions<\/li>\n
advancing energy law construction<\/li>\n
improving energy systems and mechanisms<\/li>\n<\/ul>\n<\/li>\n
improving the energy supervision system<\/li>\n
the new concept of secure development and the ‘three system managements and three musts’<\/li>\n
international energy cooperation, using the Belt and Road Initiative as a guide<\/li>\n
construction of energy projects for people's livelihood, including \n
\n
clean heating in northern areas<\/li>\n
clean and low-carbon transformation of rural energy<\/li>\n
improving electric vehicle charging infrastructure<\/li>\n<\/ul>\n<\/li>\n
enhancing the Party's innovative theoretical foundation and other Party building measures<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 21 Dec 2023<\/div>\n <\/div>\n <\/div>\n
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\n
\n
Source<\/h4>\n
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\n National Energy Administration (1)<\/a>\n
\n National Energy Administration (2)<\/a>\n
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
energy transition<\/div>\n
meetings and ceremonies<\/div>\n
energy storage<\/div>\n
hydrogen<\/div>\n
gas<\/div>\n
petroleum<\/div>\n
coal<\/div>\n
nuclear<\/div>\n
renewables<\/div>\n
wind<\/div>\n
hydro<\/div>\n
solar<\/div>\n
NEVs<\/div>\n
grid<\/div>\n
electricity<\/div>\n
power sector reform<\/div>\n
energy security<\/div>\n
two highs<\/div>\n
dual control<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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\n \n new spot power market rules explained\n <\/a>\n <\/h2>\n \n
context: <\/em><\/strong>Provincial pilots for spot power markets have been in place since 2017. NDRC (National Development and Reform Commission) and NEA (National Energy Administration) issued basic rules for the spot power market (trial)<\/a> on 15 Sept 2023, a significant document that sketches the process for i<\/em>mplementing Communist Party of China and State Council’s <\/em>Opinions on further improving the unified national market<\/em><\/a> as well as NDRC and NEA’s <\/em>Guiding opinions on accelerating the construction of a cohesive national power market system<\/em><\/a>.<\/em><\/p>\n\n <\/div>\n \n
context: <\/em><\/strong>Provincial pilots for spot power markets have been in place since 2017. NDRC (National Development and Reform Commission) and NEA (National Energy Administration) issued basic rules for the spot power market (trial)<\/a> on 15 Sept 2023, a significant document that sketches the process for i<\/em>mplementing Communist Party of China and State Council’s <\/em>Opinions on further improving the unified national market<\/em><\/a> as well as NDRC and NEA’s <\/em>Guiding opinions on accelerating the construction of a cohesive national power market system<\/em><\/a>.<\/em><\/p>\n
In pilot areas, the spot power market has proven that it can enhance resource allocation and facilitate the transition of electric power production from the conventional planning paradigm to a market-driven approach, states a readout from NDRC (National Development and Reform Commission) and NEA (National Energy Administration) on the new basic rules for the power spot market. This transition has bolstered the system's <\/p>\n
\n
capacity to ensure a secure power supply during periods of high demand<\/li>\n
agility to adapt and contribute to system adjustments, particularly in accommodating the growing demands of new energy sources<\/li>\n<\/ul>\n
The ‘Basic Rules’ aims to reinforce oversight in regions where the spot power market has been consistently operational and serve as a blueprint for regions yet to embark on spot power market initiatives.<\/p>\n
The rules consist of 129 articles spread across 13 chapters and include an annex that provides explanations of key terms. Essentially, there are four main aspects to these rules<\/p>\n
\n
provide guidance on establishing both inter-provincial and provincial\/regional power markets<\/li>\n
establish guidelines for designing the mechanics of the spot power market<\/li>\n
clarify the operational requirements for running the spot power market effectively<\/li>\n
ensure consistency in terminology related to the spot power market, promoting clarity and common understanding within the industry<\/li>\n<\/ul>\n
The rules also incorporate three crucial aspects of institutional design, aligning with the dual carbon goals and the new power system development requirements<\/p>\n
\n
outline key short-term and long-term tasks for the spot power market encompassing areas such as market rule dissemination, technology infrastructure development, entity training, rule dissemination, market analysis and risk management\n
\n
the rules also specify the prerequisites and tasks at various stages, including simulated trials, settlement trials and formal operations of the spot power market<\/li>\n<\/ul>\n<\/li>\n
a dedicated chapter on market connection mechanisms, which outlines requirements for consensus-building among parties involved in spot, medium- to long-term transactions, ancillary services and agency power purchases, including elements like time-of-use power, pricing and settlement references\n
\n
it also promotes joint clearing for frequency regulation, backup services and the spot market, while exploring market-driven capacity compensation mechanisms<\/li>\n<\/ul>\n<\/li>\n
introduce a risk prevention and control chapter with a mechanism for classifying and managing market risks, clearly defining the roles and responsibilities of relevant departments within the NEA’s dispatch agencies and provincial authorities<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 18 Sep 2023<\/div>\n <\/div>\n <\/div>\n
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Source<\/h4>\n
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\n National Development and Reform Commission<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
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Sectors<\/h4>\n
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energy transition<\/div>\n
grid<\/div>\n
electricity<\/div>\n
power sector reform<\/div>\n
energy security<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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\n \n southern regional electricity spot market taking shape\n <\/a>\n <\/h2>\n \n
context: <\/strong>Electricity spot market reforms will be guided and expedited by the new central rules<\/a> that became clearer in September 2023. Guangdong was one of eight jurisdictions named in the first batch of electricity spot market pilots<\/a> launched in 2017. Guangdong has also set up capacity markets and ancillary service markets and is relatively advanced in reforming its power sector. <\/em><\/p>\n\n <\/div>\n \n
context: <\/strong>Electricity spot market reforms will be guided and expedited by the new central rules<\/a> that became clearer in September 2023. Guangdong was one of eight jurisdictions named in the first batch of electricity spot market pilots<\/a> launched in 2017. Guangdong has also set up capacity markets and ancillary service markets and is relatively advanced in reforming its power sector. <\/em><\/p>\n
Following successful simulation trials in July and December 2022, a final round of preliminary tests in the Southern Regional Electricity Spot Market will be completed before the end of 2023, according to Southern Grid. If everything goes smoothly, the market should go live in 2024.<\/p>\n
The emergent market is the PRC’s most advanced spot market pilot to date. The pilot expands Guangdong’s electricity spot market to integrate Guangxi, Yunnan, Guizhou and Hainan, covering the entire Southern Grid operating area. The southern region is essentially ready to begin interprovincial trading, according to Southern Grid.<\/p>\n
The pilot is a testing ground for regional spot market creation; its development will inform similar regional integration in the Yangtze Delta region and pave the way towards a national spot market.<\/p>\n
The southern region presents a significant proving ground for leveraging spot markets’ allocative efficiency given the major imbalances in intra-provincial supply and demand in the region. For instance, hydro-rich Yunnan exports nearly half of its electricity, while imports meet a third of the demand in power-hungry Guangdong.<\/p>\n
The regional spot market will feature day-ahead and real-time markets. <\/p>\n
It is still unclear as to whether the interprovincial spot market will operate alongside Guangdong’s intra-provincial market or replace it, writes Jiemian<\/em>. <\/p>\n\n <\/div>\n
\n view more<\/a>\n 25 Aug 2023<\/div>\n <\/div>\n <\/div>\n
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Source<\/h4>\n
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\n source<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
energy transition<\/div>\n
grid<\/div>\n
electricity<\/div>\n
power sector reform<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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\n \n green electricity certificates to cover all renewables\n <\/a>\n <\/h2>\n \n
context:<\/strong> GECs (Green Electricity Certificates) are the PRC's version of renewable energy certificates, but until the release of a new Notice by several potential supervisory agencies, their role in promoting renewable energy electricity has been unclear. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> GECs (Green Electricity Certificates) are the PRC's version of renewable energy certificates, but until the release of a new Notice by several potential supervisory agencies, their role in promoting renewable energy electricity has been unclear. <\/em><\/p>\n
NDRC (National Development and Reform Commission), MoF (Ministry of Finance) and NEA (National Energy Administration) jointly issued ‘Notice on promoting renewable energy electricity through full coverage of GECs (green electricity certificates)’<\/a> on 3 August. The new policy makes it clear that GECs (Green Electricity Certificates) will be the exclusive mechanism for verifying renewable power consumption within the country. Nonetheless, the directive gives rise to a potential challenge regarding the integration of GECs with the CCER (China Certified Emissions Reduction) scheme, which also encompasses renewable projects and is expected to recommence later this year.<\/a> Further measures can be expected to prevent dual counting and ensure transparency<\/a>. The new policy clarifies that the GEC scheme will expand from only covering utility-scale solar and on-shore wind projects to now cover the whole renewable power generation sector, including <\/p>\n
\n
decentralised and offshore wind power <\/li>\n
distributed PV and solar thermal power <\/li>\n
conventional hydropower <\/li>\n
biomass, geothermal and wave power <\/li>\n<\/ul>\n
The Notice stipulates that GECs can now only be traded once from seller to buyer to prevent speculation. Hydropower projects connected to the grid before 1 Jan 2023 will not be able to generate tradeable GECs, but new hydropower projects connected to the grid after 1 January will be able to generate tradeable GECs on a merchant basis. Trading platforms for GECs include the China Green Power Certificate Trading Platform, Beijing Power Exchange and Guangzhou Power Exchange, with further expansion to other nationally approved trading platforms encouraged. <\/p>\n
Projects that enjoy central financial subsidies will be able to sell GECs,<\/a> provided that the power is sold via the market and income from the transaction offsets the value of the subsidy received. <\/p>\n
Fostering consumer demand is expected to play a crucial role in the future development of the GEC market, as indicated by a representative from the China Electricity Council in a conversation with Caixin<\/em>. While the GEC market used to operate on a 'voluntary subscription' basis, it is anticipated that it might transition to a 'rigid demand' model in the coming years. This shift could involve linking GEC transactions with the assessment mechanism for renewable energy quotas.<\/a> Presently, all provinces bear the responsibility for achieving targets related to renewable power consumption. However, with the Notice clarifying that GECs are the only means of certifying green power consumption, this responsibility could potentially shift towards consumers.<\/p>\n
The Notice outlines five major tasks for supporting the GEC scheme, according to NDRC and NEA officials. These include <\/p>\n
\n
fully supporting green power trading as a mid to long-term power trade where users can obtain both green power and GECs<\/li>\n
giving full play to the function of GECs that are tamper-proof, traceable and accurately identify renewable power consumption \n
\n
implementing requirements for renewable energy consumption to not be included in the ‘dual control’ of energy consumption and energy intensity <\/li>\n<\/ul>\n<\/li>\n
establishing green power consumption certification standards and identification systems <\/li>\n
linking up with the national carbon market \n
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the Notice promotes further research on the connection and coordination of the GEC scheme with the National Carbon Market and the Voluntary Greenhouse Gas Emissions Reduction Trading Mechanism (i.e., the CCER) \n
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the aim is to include GECs in the carbon market-related accounting system <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
promoting international mutual recognition of GECs\n
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the Notice clarifies that in principle, domestic renewable power projects can only apply for domestic GECs <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 04 Aug 2023<\/div>\n <\/div>\n <\/div>\n
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Source<\/h4>\n
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\n Caixin<\/a>
\n National Development and Reform Commission<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
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Sectors<\/h4>\n
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energy transition<\/div>\n
renewables<\/div>\n
wind<\/div>\n
hydro<\/div>\n
solar<\/div>\n
electricity<\/div>\n
power sector reform<\/div>\n
dual control<\/div>\n
carbon market<\/div>\n
green finance<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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\n \n solar PV now a driving force behind national economy\n <\/a>\n <\/h2>\n \n
context: <\/strong>In addition to the rapid build of solar power domestically, solar PV (photovoltaic) products, NEVs (new energy vehicles) and lithium batteries are emerging as significant exports and are often now dubbed the ‘three new export products<\/a>’. <\/em><\/p>\n\n <\/div>\n \n
context: <\/strong>In addition to the rapid build of solar power domestically, solar PV (photovoltaic) products, NEVs (new energy vehicles) and lithium batteries are emerging as significant exports and are often now dubbed the ‘three new export products<\/a>’. <\/em><\/p>\n
NEA (National Energy Administration) reports that 78.42 gigawatts (GW) of solar power was added in H1 2023, bringing the country's total installed capacity up to 470 GW. This indicates a y-o-y increase of 154 percent, aligning closely with the total additional instalments of 2022, reports China Times<\/em>.<\/p>\n
It is also estimated that the PRC's exports of PV (photovoltaic) products (including silicon wafers, cells and modules) reached a total value in H1 2023 above US$29 bn, up 13 percent y-o-y, according to CPIC (China PV Industry Association). CPIC has also revised its forecast for PV installations this year, with<\/p>\n
\n
the global estimate adjusted up from 280-330 GW to 305-350 GW<\/li>\n
the PRC's estimate adjusted up from 95-120 GW to 120-140 GW<\/li>\n<\/ul>\n
Export growth may slow in the second half of the year, says Wang Bohua \u738b\u52c3\u534e CPIC honorary chairman, noting application procedures in the European market are becoming more complicated. Although the relevant procedures are being simplified, they are constrained by issues such as labour, land and power grid consumption, he says. In addition, distributors have high inventory levels. However, Africa is growing fast, he notes, but the base is small and will not bring much impact.<\/p>\n
The solar PV industry has undeniably emerged as a prominent driving force behind the national economy, proclaimed Wang during a recent seminar. The production figures in H1 for polysilicon, silicon wafers, batteries and modules have already, he said, surpassed the entire output of 2021, comprising 65 percent of last year's total, with<\/p>\n
\n
polysilicon reaching 600,000 tonnes, up 65 percent y-o-y<\/li>\n
silicon wafers exceeding 250 GW, up 63 percent y-o-y<\/li>\n
cells exceeding 220 GW, up 62 percent y-o-y<\/li>\n
modules exceeded 200 GW, up 60 percent y-o-y<\/li>\n<\/ul>\n
H1 saw a significant drop in prices along the PV industrial chain, particularly in silicon materials and wafers, according to Han Xinkuo \u97e9\u5fc3\u9614 Baichuan Yingfu PV analyst. In his assessment, the PV industry's profit dynamics underwent a noticeable shift during this period; previously, profits were concentrated in the polysilicon segment, but in H1 they spread from upstream to downstream and auxiliary materials. Enterprises involved in quartz crucibles, as well as PV modules, cells and brackets, experienced prosperous outcomes, while the growth rate of silicon wafer enterprises' profits decelerated significantly compared to the previous month.<\/p>\n
Despite the favourable global trends, the PRC's PV industry faces new challenges from the international situation, says Yang Xudong \u6768\u65ed\u4e1c MIIT (Ministry of Industry and Information Technology) Electronic Information Department deputy director. This might suggest the impact of various factors on the industry, such as trade dynamics, geopolitical shifts or changes in market conditions, Yang says.<\/p>\n
Additionally, Yang notes that in the process of accelerating high-quality development, the PRC PV industry is encountering internal challenges that require attention, including<\/p>\n
\n
the rapid growth in scale, which may lead to potential supply and demand imbalances in the industrial and supply chain; this could lead to new low-level and disorderly competition, which may hinder the industry's sustainable growth<\/li>\n
the need for a more forward-looking technology layout and tech research to support the industry's continued advancement; investing in R&D is vital for maintaining the PRC's competitiveness and leadership in the global PV market<\/li>\n
the recycling of decommissioned PV modules has emerged as a new issue; to ensure a greener and more sustainable approach to the industry, it is crucial to address the green cycle and full life cycle management of the entire PV industrial chain<\/li>\n<\/ul>\n
There are currently three major external risks and challenges, Wang Zhenfu \u738b\u632f\u5bcc Ministry of Commerce Trade Remedy and Investigation Bureau deputy commissioner points out, noting<\/p>\n
\n
traditional trade remedy measures and tariff barriers still exist<\/li>\n
the risks of foreign industrial competition and supply chain security are increasing; major overseas PV markets such as the US, EU and India are actively deploying manufacturing localisation policies and increasing subsidies and support for domestic industries<\/li>\n
new trade barriers, like human rights and green standards, are increasing<\/li>\n<\/ul>\n
The continuous growth of PV installed capacity has spurred a frenetic influx of capital into the PV industry. Leading enterprises from various sectors, including home appliances, toys, animal husbandry and real estate, are eagerly investing in the PV sector, the article notes.<\/p>\n
Regarding the focus on installed capacity in the PV industry, Wang Bohua highlights three major domestic areas awaiting investment, namely<\/p>\n
\n
large new energy bases situated in deserts, like the Gobi and other regions identified as prime locations<\/li>\n
integrated development of PV and transport; Shanghai has taken the lead in this, issuing documents that cover 17 ‘PV +’ application scenarios encompassing a diverse range of applications, including subways, airports, ports and buses<\/li>\n
offshore PV is also experiencing a surge in large-scale development and both local governments and enterprises have responded positively to NEA's issued guiding documents<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 20 Jul 2023<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n China Times<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
growth model<\/div>\n
Made in China 2025<\/div>\n
strategic and emerging industries<\/div>\n
exports<\/div>\n
UK\/Europe<\/div>\n
Africa<\/div>\n
blue economy<\/div>\n
renewables<\/div>\n
solar<\/div>\n
electricity<\/div>\n
circular economy<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n power statistics for 2022\n <\/a>\n <\/h2>\n \n
context:<\/strong> Electricity consumption was at the beginning of the year predicted to increase 5-6 percent in 2022<\/a>, down 4 percentage points compared to 2021.<\/em><\/div>\n <\/div>\n \n
context:<\/strong> Electricity consumption was at the beginning of the year predicted to increase 5-6 percent in 2022<\/a>, down 4 percentage points compared to 2021.<\/em><\/div>
The National Energy Administration has released the national power industry statistics for 2022. Total power consumption was 8,637 TWh, up 3.6 percent y-o-y.<\/div>\n
\n
primary industry (agriculture) consumption was 114.6 TWh, up 10.4 percent y-o-y<\/li>\n
secondary industry (mining and quarrying, manufacturing, production and supply of electricity, water and gas, and construction) consumption was 5,700.1 TWh, up 1.2 percent y-o-y<\/li>\n
tertiary industry (services) consumption was 1,485.9 TWh, up 4.4 percent y-o-y<\/li>\n
urban and rural residents' power consumption was 1,336.6 TWh, up 13.8 percent y-o-y<\/li>\n<\/ul>\n
Cumulative installed power generation capacity reached 2560 GW, up 7.8 percent y-o-y.<\/div>\n
\n
hydropower reached 413 GW, up 5.8 percent y-o-y\n
\n
average hours in operation went down by 194 hours for power plants above 6 GW<\/li>\n<\/ul>\n<\/li>\n
thermal power (coal and gas power) reached 1332 GW, up 2.7 percent y-o-y\n
\n
average hours in operation went down by 65 hours for power plants above 6 GW<\/li>\n<\/ul>\n<\/li>\n
nuclear power reached 55 GW, up 4.4 percent y-o-y<\/li>\n
wind power reached 365 GW, up 11.2 percent y-o-y<\/li>\n
solar power reached 390 GW, up 28.1 percent y-o-y<\/li>\n<\/ul>\n
The investment in power grid construction was C¥501.2 bn, up 2.0 percent y-o-y.<\/div>\n\n <\/div>\n
\n view more<\/a>\n 18 Jan 2023<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n National Energy Administration (1)<\/a>\n
\n National Energy Administration (2)<\/a>\n
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
gas<\/div>\n
coal<\/div>\n
nuclear<\/div>\n
renewables<\/div>\n
wind<\/div>\n
solar<\/div>\n
grid<\/div>\n
electricity<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n 2023 national energy work conference\n <\/a>\n <\/h2>\n \n
context:<\/strong> The annual National Energy Work Conference reviews the year and announces priorities for the upcoming year. NDRC (National Development and Reform Commission) director He Lifeng <\/em>\u4f55\u7acb\u5cf0 presided over the meeting in <\/em>2020<\/a> and <\/em>2019,<\/a> but the meeting has been led by Zhang Jianhua <\/em>\u7ae0\u5efa\u534e NEA (National Energy Administration) director since last year. <\/em><\/div>\n <\/div>\n \n context:<\/strong> The annual National Energy Work Conference reviews the year and announces priorities for the upcoming year. NDRC (National Development and Reform Commission) director He Lifeng <\/em>\u4f55\u7acb\u5cf0 presided over the meeting in <\/em>2020<\/a> and <\/em>2019,<\/a> but the meeting has been led by Zhang Jianhua <\/em>\u7ae0\u5efa\u534e NEA (National Energy Administration) director since last year. <\/em><\/div>
The annual National Energy Work Conference was held in Beijing on 30 December and chaired by Zhang Jianhua \u7ae0\u5efa\u534e NEA (National Energy Administration) director. The readout from NEA and CCTV points out that the meeting noted that the 20th Party Congress made new arrangements for<\/div>\n
\n
the energy revolution<\/li>\n
ensuring energy security<\/li>\n
carbon peaking and carbon neutrality<\/li>\n
a new energy system<\/li>\n
self-reliance in science and technology<\/li>\n
participation in global governance to address climate change<\/li>\n<\/ul>\n
Zhang pointed out that it is necessary to match these requirements with plans and deployments that follow the changes of the times. The meeting announced the key tasks for energy affairs in 2023 are to<\/div>\n
\n
enhance the ability to guarantee energy production and supply, by\n
\n
giving full play to the role of coal in guaranteeing the bottom line<\/li>\n
consolidating the foundation of power supply guarantees<\/li>\n
promoting inter-provincial power transmission channels, including\n
\n
Zhumadian-Wuhan<\/li>\n
Wuhan-Nanchang<\/li>\n
Zhangbei-Shengli<\/li>\n
Sichuan-Chongqing<\/li>\n
Longdong-Shandong<\/li>\n
Ningxia-Hunan<\/li>\n<\/ul>\n<\/li>\n
increasing oil and gas production and supply\n
\n
crude oil production to reach 205 million tons<\/li>\n
natural gas production to increase by more than 6 bcm<\/li>\n<\/ul>\n<\/li>\n
accelerating the construction of oil and gas pipeline networks and storage capacity, as well as strengthening risk management<\/li>\n
strengthening power grids<\/li>\n<\/ul>\n<\/li>\n
adjust and optimise the energy structure, by\n
\n
constructing wind and solar power\n
\n
wind power to reach about 430 GW<\/li>\n
solar power to reach about 490 GW<\/li>\n<\/ul>\n<\/li>\n
developing hydropower while protecting the ecology\n
\n
to reach 423 GW<\/li>\n<\/ul>\n<\/li>\n
developing nuclear power\n
\n
to increase by 2.89 GW and reach a total capacity of 58.46 GW<\/li>\n<\/ul>\n<\/li>\n
energy-use projects to improve people's livelihood\n
\n
energy revolution pilots in rural areas<\/li>\n
clean heating in northern regions<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
accelerate self-reliance and self-improvement in science and technology, through\n
\n
short-term and long-term actions\n
\n
promoting key technologies for gas turbines and green and low-carbon transformation<\/li>\n
accelerating the 5G roll-out<\/li>\n
promoting the digital and intelligent transformation of the energy industry<\/li>\n<\/ul>\n<\/li>\n
pilot demonstrations\n
\n
evaluating and promoting the first batch of major technical equipment in the energy field<\/li>\n
releasing the third batch of lists in due course<\/li>\n<\/ul>\n<\/li>\n
construction of major innovation platforms<\/li>\n
strengthening standards<\/li>\n<\/ul>\n<\/li>\n
deepen reforms in key areas, by\n
\n
constructing a unified national power market system\n
\n
studying and formulating a development plan<\/li>\n
clarifying the functions of various markets<\/li>\n<\/ul>\n<\/li>\n
strengthening energy laws\n
\n
speeding up the legislative process of the Energy Law<\/em><\/li>\n
promoting the legislation of the Nuclear Power Management Regulations<\/li>\n
formulating and revising\n
\n
Renewable Energy Law<\/em><\/li>\n
Coal Law<\/em><\/li>\n
Electricity Law<\/em><\/li>\n
Petroleum Reserve Regulations<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
strengthen energy supervision and administrative law enforcement<\/li>\n
strengthen international energy cooperation, by\n
\n
promoting the establishment of the China-ASEAN Clean Energy Cooperation Centre<\/li>\n
jointly building the China-Arabia Clean Energy Cooperation Centre<\/li>\n
cooperation with Europe in key areas such as hydrogen energy, energy storage, wind power and smart energy<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n <\/div>\n
\n view more<\/a>\n 30 Dec 2022<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n National Energy Administration<\/a>
\n CCTV<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
marine energy<\/div>\n
energy storage<\/div>\n
batteries<\/div>\n
hydrogen<\/div>\n
gas<\/div>\n
petroleum<\/div>\n
coal<\/div>\n
nuclear<\/div>\n
renewables<\/div>\n
wind<\/div>\n
solar<\/div>\n
electricity<\/div>\n
energy security<\/div>\n
carbon neutrality<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n positive US and EU changes on new energy vehicles\n <\/a>\n <\/h2>\n \n
context: <\/strong>The domestic NEV (new energy vehicle) industry chain has quickly become the most complete in the world, and has strong competitive advantages in supporting sectors such as batteries and their materials. The US and the EU are now increasing their efforts to break China's dominance in this emerging sector.<\/span><\/em><\/p>\n\n <\/div>\n \n
context: <\/strong>The domestic NEV (new energy vehicle) industry chain has quickly become the most complete in the world, and has strong competitive advantages in supporting sectors such as batteries and their materials. The US and the EU are now increasing their efforts to break China's dominance in this emerging sector.<\/span><\/em> Policy support for NEV development in the EU and the US is now unprecedented, says Zhu Tong \u6731\u5f64 Chinese Academy of Social Sciences Institute of Industrial Economics, noting that their measures will inevitably lead to changes in the competition pattern and industrial layout of the global NEV market, which in turn will have a profound impact on China's NEV industry. The opportunities outweigh the challenges, he says, noting<\/p>\n
\n
rapid development of the European NEV market will expand demand for lithium batteries and their materials, and create favourable conditions for China's NEV companies entering Europe<\/li>\n
although China is seen as an 'adversary' of the US, NEV marketing and direct sales do not qualify for subsidies, and the launch will still provide new market opportunities for China's NEV companies<\/li>\n
the rapid development of the US and European NEV markets will also bring greater competitive pressure to China's NEV industry<\/li>\n<\/ul>\n
The global competition pattern of new energy vehicles will change significantly within five years, and China should, Zhu says, actively and fully utilise the new market opportunities to foster the development of the NEV industry with positive interaction between internal circulation and external circulation to further enhance the competitiveness of China's NEV industry. He recommends the local industry<\/p>\n
\n
increase the export and investment of NEVs to Europe and make use of the opportunities in the European market<\/li>\n
moderately utilise the opportunities in the US new energy vehicle market under the premise of controlling risks<\/li>\n
relevant departments to strengthen policy coordination\n
\n
establish the China New Energy Vehicle Export and Overseas Investment Alliance, under the guidance of the Ministry of Commerce and the Ministry of Foreign Affairs\n
\n
this will provide cooperation among Chinese brands and government departments in their promotion to the international market<\/li>\n<\/ul>\n<\/li>\n
moderately relax quantity management indicators (capacity and energy consumption management) on chemical products, such as batteries and materials, which are currently greatly affected by domestic supply-side reforms, energy consumption management, hazardous chemicals management and environmental protection policies, which have raised their production costs sharply<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 21 Nov 2022<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n China Development Observation<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
strategic and emerging industries<\/div>\n
energy storage<\/div>\n
batteries<\/div>\n
NEVs<\/div>\n
electricity<\/div>\n
carbon neutrality<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n Xi reaffirms carbon neutrality policy at 20th Party Congress\n <\/a>\n <\/h2>\n \n
context:<\/strong> Xi\u2019s words reaffirm current policy commitments set out in recent 5-year plans<\/a> with no major pivots. China\u2019s decarbonisation policy for the next few years is now, mostly, set in stone: the focus will move to implementation. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> Xi\u2019s words reaffirm current policy commitments set out in recent 5-year plans<\/a> with no major pivots. China\u2019s decarbonisation policy for the next few years is now, mostly, set in stone: the focus will move to implementation. <\/em><\/p>\n
Xi Jinping addressed China\u2019s carbon neutrality campaign in his speech at the opening of the 20th Party Congress on 16 October.<\/p>\n
He called for<\/p>\n
\n
actively and stably pursuing carbon peaking and neutrality\n
\n
(CP note: wording here is unsurprising and represents a continuation of previous policy)<\/em><\/li>\n<\/ul>\n<\/li>\n
setting up new systems before destroying old ones\n
\n
(CP note: refers to ensuring that clean energy systems are reliable and affordable before coal, oil and gas are phased out)<\/em><\/li>\n<\/ul>\n<\/li>\n
implement carbon-peaking actions in a step-by-step manner<\/li>\n
refining \u2018dual control\u2019 policies by gradually shifting to carbon emissions and carbon intensity measures to control fossil fuel consumption\n
\n
(CP note: strong support for this policy evolution is not surprising, it will reshape centre-local control over emissions)<\/em><\/li>\n<\/ul>\n<\/li>\n
advancing the energy revolution<\/li>\n
strengthening clean and efficient use of coal\n
\n
(CP note: this was always bound to be included: \u2018clean and efficient use of coal\u2019 has been the industry\u2019s catchcry since the October 2021 power crunch)<\/em><\/li>\n<\/ul>\n<\/li>\n
increasing oil and gas exploration, development and storage<\/li>\n
accelerating the planning and building of a new energy system\n
\n
(CP note: this refers to the \u2018unified national power market system\u2019 promised by top-level planners in Jan 2022; the call here to \u2018accelerate\u2019 progress is aimed at getting local officials, grid firms and other stakeholders to stop sitting on their hands and get to work)<\/em><\/li>\n<\/ul>\n<\/li>\n
coordinating hydropower with ecological protection\n
\n
(CP note: this consideration rarely makes it into top-level speeches, so its inclusion may signal growing concern and care for China\u2019s riverine ecosystems, especially the Yangtze River)<\/em><\/li>\n<\/ul>\n<\/li>\n
actively and safely developing nuclear power in an orderly manner<\/li>\n
strengthening energy system integration of production, supply, storage and sales<\/li>\n
ensuring energy security<\/li>\n
refining carbon emissions calculation and accounting systems\n
\n
(CP note: recognising that faulty data threatens China\u2019s climate credibility and trust in the carbon market, emissions accounting has become a major focus for regulators since early 2022 when multiple instances of data forgery, tampering and inaccuracy arose)<\/em><\/li>\n<\/ul>\n<\/li>\n
enhancing the carbon market<\/li>\n
improving ecosystem carbon sink capacity<\/li>\n
actively participating in global climate governance<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 18 Oct 2022<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n China Energy Net Blog<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
gas<\/div>\n
petroleum<\/div>\n
coal<\/div>\n
nuclear<\/div>\n
hydro<\/div>\n
hydro<\/div>\n
grid<\/div>\n
grid<\/div>\n
electricity<\/div>\n
energy security<\/div>\n
energy security<\/div>\n
dual control<\/div>\n
dual control<\/div>\n
carbon neutrality<\/div>\n
carbon market<\/div>\n
carbon market<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n heatwave tests power systems\n <\/a>\n <\/h2>\n \n
context:<\/strong> Largely unseen since 2021\u2019s power crisis,<\/a>\u00a0power shortages have returned in the wake of drought and record temperatures, concentrated in Sichuan and Chongqing. Sichuan is worst affected given its heavy reliance on drought-stricken hydropower. Authorities are hoping shortages will dissipate as the heatwave recedes. Power rationing may affect NEV production,<\/a>\u00a0especially as it looks to have now been extended to 25 August 2022. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> Largely unseen since 2021\u2019s power crisis,<\/a>\u00a0power shortages have returned in the wake of drought and record temperatures, concentrated in Sichuan and Chongqing. Sichuan is worst affected given its heavy reliance on drought-stricken hydropower. Authorities are hoping shortages will dissipate as the heatwave recedes. Power rationing may affect NEV production,<\/a>\u00a0especially as it looks to have now been extended to 25 August 2022. <\/em><\/p>\n
China\u2019s power system is being tested by the strongest regional heatwave seen since complete meteorological records began in 1961, per a report by Caixin<\/em>. According to the report<\/p>\n
\n
high temperatures are putting stress on power systems in Sichuan and Chongqing\n
\n
in Sichuan\n
\n
industrial power usage was paused 15-20 Aug 2022<\/li>\n
hydropower generation has fallen by over 50 percent<\/li>\n
power loads have exceeded 60 GW (up 25 percent y-o-y)<\/li>\n<\/ul>\n<\/li>\n
in Chongqing\n
\n
the highest level of power rationing measures have been implemented 17-24 Aug 2022<\/li>\n<\/ul>\n<\/li>\n
residents in some locations have complained of power outages<\/li>\n
Sichuan is a major power provider for eastern China\n
\n
it provided the highest amount of inter-provincial power in 2020<\/li>\n
it supplies power to Jiangsu, Zhejiang, Shanghai, Chongqing, Hunan and Jiangxi<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
power loads have become more volatile due to shrinking coal-fired power, increasing renewables generation, electrification and more frequent weather events<\/li>\n
orders to halt production in Sichuan and Chongqing will ripple through industries across the country<\/li>\n
governments are opting for power rationing to deal with shortages\n
\n
power rationing makes it difficult for the market to find the optimal allocation of resources<\/li>\n<\/ul>\n<\/li>\n
the power system remains underdeveloped\n
\n
discrepancies exist in local market models, transactions and pricing mechanisms<\/li>\n
market barriers remain, thwarting interprovincial trading<\/li>\n<\/ul>\n<\/li>\n
drought has become a problem\n
\n
since July 2022, rainfall in the Yangtze River Basin has been down 40 percent compared to a normal year<\/li>\n
783,000 people across Sichuan, Chongqing, Hubei, Hunan, Jiangxi and Anhui require living assistance due to the drought<\/li>\n
17.64 million mu<\/em> (11,760 square kilometres) of crops are affected<\/li>\n<\/ul>\n<\/li>\n
the heatwave had lasted 28 days as of 17 Aug 2022, with temperatures exceeding 40 degrees celsius in parts of Sichuan, Chongqing, Hunan, Jiangxi and Zhejiang<\/li>\n
Zhejiang, Hubei, Jiangsu and Anhui are also facing tight power supplies<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 22 Aug 2022<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n Caixin<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
coal<\/div>\n
renewables<\/div>\n
hydro<\/div>\n
hydro<\/div>\n
electricity<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n half of new power demand to be met by renewables by 2025\n <\/a>\n <\/h2>\n \n
context:<\/strong> The targets set out in this plan are largely consistent with other high-level plans<\/a> and do not represent any major change to ambition. They will likely be easily achieved. Planners aim for the share of renewables in the power grid to rise by about 1 percent per year through to 2025. This will then gradually accelerate, as the\u00a0 National Development and Reform Commission aims<\/a> to have 40 percent of the nation's electricity coming from renewables by 2030. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> The targets set out in this plan are largely consistent with other high-level plans<\/a> and do not represent any major change to ambition. They will likely be easily achieved. Planners aim for the share of renewables in the power grid to rise by about 1 percent per year through to 2025. This will then gradually accelerate, as the\u00a0 National Development and Reform Commission aims<\/a> to have 40 percent of the nation's electricity coming from renewables by 2030. <\/em><\/p>\n
By 2025, power generated by renewable sources will fulfil at least 50 percent of new demand for electricity, promises the \u201814th 5-year plan for renewable energy development\u2019, issued 1 Jun 2022. The plan also aims to have wind and solar power generation double by 2025 compared to 2020 levels, implying that output from these two sources should reach roughly 1450 TWh per year by 2025.<\/p>\n
Other major targets, all of which are anticipatory (i.e. non-binding) for 2025, include<\/p>\n
\n
consumption of renewable energy to reach 1 bn tsce (tonnes of standard coal equivalent), up 47 percent from 2020<\/li>\n
generating roughly 3300 TWh from renewables (inc. hydro) per year by 2025, up 50 percent from 2020<\/li>\n
power from renewables (inc. hydro) will make up about 33 percent of total electricity consumption, with 18 percent coming from non-hydro<\/li>\n<\/ul>\n
The plan was jointly issued by nine ministries, underscoring the importance of renewables in coming years, reports Caixin<\/em>.\u00a0For two years now, NDRC (National Development and Reform Commission) has set targets for each province to have a certain percentage of renewable and non-hydro renewable energy in their electricity consumption, which are then assessed for completion (e.g. Gansu\u2019s target was to have 49.5 percent of its electricity from renewables in 2021, but fell short by 2.6 percent). The new plan will incorporate performance on these targets in local government evaluations, raising the stakes for local officials to ensure they are met.<\/p>\n
For the first time, the plan also touches on the non-electrical use of renewable energy. By 2025, geothermal heating, biomass heating, biofuels and solar thermal heating should together be supplying at least 60 million tsce of energy, per the plan.<\/p>\n
As costs continue to fall, the plan envisions future renewables growth to be driven by markets rather than policy. The plan promises to break down market and administrative barriers to renewable power being traded in power markets by<\/p>\n
\n
encouraging renewables generators to sign multi-year PPAs (power purchasing agreements) with retailers and users<\/li>\n
allowing interprovincial buyers to directly trade with generators rather than via grid agents<\/li>\n
improving spot markets and ancillary service compensation<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 01 Jun 2022<\/div>\n <\/div>\n <\/div>\n
\n
\n
\n
Source<\/h4>\n
\n
\n Caixin<\/a>
\n <\/div>\n <\/div>\n <\/li>\n
\n
Sectors<\/h4>\n
\n
renewables<\/div>\n
wind<\/div>\n
wind<\/div>\n
hydro<\/div>\n
hydro<\/div>\n
solar<\/div>\n
solar<\/div>\n
grid<\/div>\n
grid<\/div>\n
electricity<\/div>\n
energy security<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
\n
\n
\n
\n
\n \n more coal to shore up energy supply and stabilise prices\n <\/a>\n <\/h2>\n \n
context:<\/strong> Beijing ramped up coal production<\/a> to end the 2021 power crisis.<\/a>\u00a0Now, as rising global fuel prices put stress on the country\u2019s power market,<\/a>\u00a0authorities are again turning to coal to relieve price and supply pressures in the energy market. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> Beijing ramped up coal production<\/a> to end the 2021 power crisis.<\/a>\u00a0Now, as rising global fuel prices put stress on the country\u2019s power market,<\/a>\u00a0authorities are again turning to coal to relieve price and supply pressures in the energy market. <\/em><\/p>\n
Authorities and large firms have taken action to ensure energy supply and stabilise energy prices in the face of rising global commodity prices.<\/p>\n
Actions taken include<\/p>\n
\n
a meeting on the economy held by Premier Li Keqiang on 7 Apr 2022, which called for\n
\n
further freeing up advanced coal production capacity<\/li>\n
policies to support coal power companies to generate more electricity<\/li>\n<\/ul>\n<\/li>\n
several meetings since March between relevant regions and members of the inter-ministerial coordination mechanism for coal, electricity, oil and gas transport, focusing on\n
\n
stabilising and increasing coal production<\/li>\n
research on extending policy measures that ensure supply<\/li>\n
finding out which coal mines are able to increase production<\/li>\n
investigating the introduction of new policies to increase production and supply<\/li>\n<\/ul>\n<\/li>\n
departments\n
\n
setting up a task force for increasing coal production and supply, aiming to\n
\n
free up another 300 million tonnes of annual production capacity<\/li>\n
stabilise national daily coal production at 12 million tonnes or above<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
China\u2019s largest central SOE in the coal industry, China Energy Investment\n
\n
increasing coal production to 152 million tonnes in Q1 2022, up 6.7 percent y-o-y<\/li>\n
producing 235.2 billion kWh of thermal power generation in Q1 2022, also up 6.7% y-o-y<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
Influenced by international commodity prices, China\u2019s PPI (producer price index) rose by 0.5 percent in February 2022 after two months of decline.<\/p>\n
China faces significant upward price pressures on goods with limited domestic production capacity, including crude oil, natural gas and non-ferrous metals, according to Bai Xueshi \u767d\u96ea\u77f3 Sunshine Asset Management Corporation, Allocation Strategy Department director.<\/p>\n\n <\/div>\n
\n view more<\/a>\n 10 Apr 2022<\/div>\n <\/div>\n <\/div>\n
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\n Yicai<\/a>
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coal<\/div>\n
electricity<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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\n \n experts say a unified power market will enhance energy security, renewables\n <\/a>\n <\/h2>\n \n
context:<\/strong> The two major priorities influencing PRC energy policy are energy security and decarbonisation. They are often in tension, but setting up a unified national power market system will create synergies between the two, both enhancing consumption of renewable power and ensuring that supply and demand are optimised on a larger scale. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> The two major priorities influencing PRC energy policy are energy security and decarbonisation. They are often in tension, but setting up a unified national power market system will create synergies between the two, both enhancing consumption of renewable power and ensuring that supply and demand are optimised on a larger scale. <\/em><\/p>\n
By 2025, the preliminary stage of building a unified national power market will be complete, and by 2030, the market system will be 'basically built', according to 'Guiding opinions on accelerating the building of a unified national power market system',<\/a>\u00a0issued 28 January by the National Development and Reform Commission and National Energy Administration.<\/p>\n
The opinions are important in three major ways, says Zeng Ming \u66fe\u9e23 Northern China Electric Power University Energy and Internet Research Centre director<\/p>\n
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providing a huge boost to achieving carbon peaking and neutrality objectives<\/li>\n
enhancing economic efficiency, having positive impacts on both overall efficiency and power users<\/li>\n
promoting the scaling up of efficient production, transmission and consumption of new energy<\/li>\n<\/ul>\n
Setting up a national market system will result in clean energy being scaled up even further, argues Zeng, including both centralised (e.g. west to east transmission models) and distributed models.<\/p>\n
Creating a national unified market system and setting up market-oriented pricing systems are crucial for the clean energy transition, agrees Sun Chuanwang \u5b59\u4f20\u65fa Xiamen University China Energy and Economics Research Centre professor. It will<\/p>\n
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coordinate the consumption of new energy on a greater scale<\/li>\n
promote further new energy development<\/li>\n
pressure coal power plants to shut down<\/li>\n
facilitate market-oriented price formation of coal power<\/li>\n
plug the supply-demand gap for coal power<\/li>\n<\/ul>\n
The national market system will be set up by linking regional power markets with key UHV lines, says Sun.<\/p>\n
One insider comments that this task is not as simple as just building one unified market. It is about creating a 'market system' by coordinating different markets (e.g. spot, ancillary services, long-term contracts) at different tiers (e.g. provincial, regional, cross-provincial).<\/p>\n
Sun argues that a unified national power market system would help with<\/p>\n
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refining market-oriented pricing mechanisms for coal power<\/li>\n
improving mechanisms to pass on power prices<\/li>\n
balancing electricity supply and demand<\/li>\n
plugging supply shortfalls of coal power<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 28 Jan 2022<\/div>\n <\/div>\n <\/div>\n
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\n Caixin<\/a>
\n Jiemian<\/a>
\n People's Daily<\/a>
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energy transition<\/div>\n
energy transition<\/div>\n
coal<\/div>\n
renewables<\/div>\n
grid<\/div>\n
grid<\/div>\n
electricity<\/div>\n
energy security<\/div>\n
energy security<\/div>\n
carbon neutrality<\/div>\n
carbon neutrality<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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\n \n Indonesian coal export ban not a worry, unless extended\n <\/a>\n <\/h2>\n \n
context:<\/strong> After the 2021 power crisis<\/a>, largely brought on by coal shortages and market inefficiencies, Beijing is committed to ensuring smooth coal supply at all costs - it may step in to cool prices if they rise too high. With officials holding up coal as the guarantor of energy security,<\/a>\u00a0this instance lays bare a fundamental flaw in this logic: foreign factors can compromise energy security, which would not be the case in a renewables-dominated grid. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> After the 2021 power crisis<\/a>, largely brought on by coal shortages and market inefficiencies, Beijing is committed to ensuring smooth coal supply at all costs - it may step in to cool prices if they rise too high. With officials holding up coal as the guarantor of energy security,<\/a>\u00a0this instance lays bare a fundamental flaw in this logic: foreign factors can compromise energy security, which would not be the case in a renewables-dominated grid. <\/em><\/p>\n
Indonesia banned the export of coal for the month of January 2022 due to tight domestic supply, as announced on 31 Dec 2021. Experts say that this move will have limited effects on China\u2019s supply. Despite Indonesian coal accounting for 62 percent of China\u2019s imports, it only accounts for 5 percent of China\u2019s total consumption.<\/p>\n
This will cause some disturbance in China\u2019s coal markets, but policy adjustments should absorb fluctuations, argues Zhang Hong \u5f20\u5b8f China Coal Industry Association deputy secretary general.<\/p>\n
Although the actual impact on supply will be small, the ban may affect market sentiment, argues Zuo Qianming \u5de6\u524d\u660e Cinda Securities energy sector chief analyst. Zhang Xucheng \u5f20\u7eea\u6210 Kaiyuan Securities coal and building materials chief analyst agrees, arguing that domestic coal prices may rise due to the ban. However, the state is determined to prevent coal prices from rising too high, C\u00a51200 probably being the highest they will go, he added. International prices may see sharp increases, according to analysts.<\/p>\n
Coal shipping from Indonesia to China takes roughly two weeks, so the export ban will affect China\u2019s supply in late January and early February. This coincides with a low demand period as industry shuts down for the Spring Festival, reducing the risk of tight supply.<\/p>\n
A repeat of 2021\u2019s supply crisis is unlikely, says Yuan Jiahai \u8881\u5bb6\u6d77 North China Electric Power University professor. This is because since Q4 2021<\/p>\n
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domestic coal output has been sky-high<\/li>\n
temperatures have been higher than expected<\/li>\n
coal stockpiles have increased<\/li>\n
downstream coal users have had production curbed by environmental restrictions<\/li>\n<\/ul>\n
Indonesia's export ban may, however, be extended if its domestic situation does not improve. This could have major effects on China\u2019s coal supply, warns Zuo.<\/p>\n
China\u2019s coal consumption will peak in the 14th 5-year plan at around 4.2-4.3 bn tonnes, says Zhang Hong. Consumption will hover around the peak level in the 15th 5-year plan (2026-2030) and begin to gradually decrease, he added. Imports will remain around 300 million tonnes per year, he forecasts.<\/p>\n\n <\/div>\n
\n view more<\/a>\n 04 Jan 2022<\/div>\n <\/div>\n <\/div>\n
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\n China Coal Transportation and Distribution Association<\/a>
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research institutes<\/div>\n
research institutes<\/div>\n
coal<\/div>\n
grid<\/div>\n
grid<\/div>\n
electricity<\/div>\n
energy security<\/div>\n
energy security<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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\n \n US and China issue joint declaration on climate change at COP26\n <\/a>\n <\/h2>\n \n
context:<\/strong> Although new concrete details are scarce in this declaration, its main purpose will be to dissolve fears that bilateral tensions will stand in the way of success at COP26, as well as building momentum behind the two countries\u2019 cooperation, paving the way for future meetings and stronger engagement. It also reaffirms that climate change may be considered a standalone issue in the bilateral relationship. <\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> Although new concrete details are scarce in this declaration, its main purpose will be to dissolve fears that bilateral tensions will stand in the way of success at COP26, as well as building momentum behind the two countries\u2019 cooperation, paving the way for future meetings and stronger engagement. It also reaffirms that climate change may be considered a standalone issue in the bilateral relationship. <\/em><\/p>\n
The US and China jointly issued \u2018US\u2013China joint Glasgow declaration on enhancing climate action in the 2020s\u2019 on 10 Nov 2021 at UNFCCC (United Nations Framework Convention on Climate Change) COP26 in Glasgow.<\/p>\n
The two countries have agreed to establish a \u2018Working group on enhancing climate action in the 2020s\u2019 which will meet regularly to address the climate crisis, focusing on concrete action in the 2020s.<\/p>\n
The joint declaration offers few new concrete measures, but its important points, according to Wu Changhua \u5434\u660c\u534e Professional Association for China\u2019s Environment executive director, include<\/p>\n
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reaffirmed commitment to the goal of limiting warming to well below 2 degrees C, aiming for 1.5 degrees C<\/li>\n
support for the US$100 bn annual financial support goal from 2020-25<\/li>\n
emphasis on adaptability and resilience<\/li>\n
emphasis on technologies needed to reduce emissions<\/li>\n
commitment to resolving Articles 6 and 13 of the Paris Agreement at COP26<\/li>\n<\/ul>\n
The declaration also specifies<\/p>\n
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that current global efforts are insufficient to meet the goals of the Paris Agreement\n
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intentions to close the gap by cooperation, tech innovation and stepped-up efforts<\/li>\n<\/ul>\n<\/li>\n
intentions to cooperate on\n
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regulatory frameworks and environmental standards<\/li>\n
maximising societal benefits of clean energy transition<\/li>\n
policies to decarbonise and electrify end-use sectors<\/li>\n
circular economy, particularly green design and renewable resource utilisation<\/li>\n
CCUS and direct air capture<\/li>\n<\/ul>\n<\/li>\n
commitments to reducing methane emissions this decade by\n
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cooperating on measuring emissions<\/li>\n
exchanging information on policies for controlling methane<\/li>\n
fostering research into methane challenges and solutions<\/li>\n
developing additional methane control measures before COP27<\/li>\n
on China\u2019s part, developing a national action plan on methane before COP27<\/li>\n
convening a meeting in H1 2022 to discuss specifics of measuring and mitigating methane emissions, especially via standards for fossil and waste sectors and incentives to reduce methane emissions in ag<\/li>\n<\/ul>\n<\/li>\n
both countries will communicate 2035 NDCs in 2025<\/li>\n<\/ul>\n
China\u2019s support for reducing methane emissions can be regarded as tacit approval of US-led global efforts in this field, explains Wu.<\/p>\n\n <\/div>\n
\n view more<\/a>\n 11 Nov 2021<\/div>\n <\/div>\n <\/div>\n
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\n Yicai<\/a>
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standards and compliance<\/div>\n
energy transition<\/div>\n
energy transition<\/div>\n
UN<\/div>\n
US\/Canada<\/div>\n
science and technology<\/div>\n
green tech<\/div>\n
coal<\/div>\n
renewables<\/div>\n
electricity<\/div>\n
rubbish and solid waste pollution<\/div>\n
rubbish and solid waste pollution<\/div>\n
carbon neutrality<\/div>\n
circular economy<\/div>\n
circular economy<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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\n \n steel industry draft carbon peaking plan complete\n <\/a>\n <\/h2>\n \n
context:<\/strong> Steel production lies at a critical juncture: high demand from construction and industrialisation is unlikely to abate given the government\u2019s economic priorities, yet addressing the industry\u2019s severe environmental footprint is also necessary to achieve national carbon pledges. Steel prices will rise as repeated instructions from authorities to limit steel production are eventually enacted.<\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> Steel production lies at a critical juncture: high demand from construction and industrialisation is unlikely to abate given the government\u2019s economic priorities, yet addressing the industry\u2019s severe environmental footprint is also necessary to achieve national carbon pledges. Steel prices will rise as repeated instructions from authorities to limit steel production are eventually enacted.<\/em><\/p>\n
A draft carbon peaking action plan for the steel industry, responsible for 15 percent of the nation\u2019s carbon emissions, has been drawn up, as announced by China Iron and Steel Association on 17 Jul 2021. The plan, as yet unreleased, details that emissions reductions will mainly be achieved by<\/p>\n
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directly reducing output<\/li>\n
phasing out old units<\/li>\n
clearing overcapacity<\/li>\n
optimising processing\n
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increasing proportion of steel produced in electric furnaces\n
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currently only 10 percent of domestic steel is from electric furnaces, far less than the 30 and 40 percent proportions of Japan and the EU respectively<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
increasing the proportion of short-process steelmaking (using scrap steel inputs)<\/li>\n
increasing market concentration<\/li>\n<\/ul>\n
Details of the plan have not been released, but insiders predict that it will aim to<\/p>\n
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achieve carbon peaking by 2025<\/li>\n
reduce emissions by 30 percent by 2030<\/li>\n
achieve significant emissions reductions by 2035<\/li>\n
achieve complete decarbonisation by 2060<\/li>\n<\/ul>\n
Since December 2020, MIIT (Ministry of Industry and Information Technology) and NDRC (National Development and Reform Commission) have been calling for steel production to decline y-o-y in 2021. However, high demand has led to an 11.8 percent y-o-y increase in steel production in the first half of 2021, making the task of reducing capacity all the more difficult, according to Zhao Penggao\u00a0 \u8d75\u9e4f\u9ad8 NDRC Resource Conservation and Environmental Protection Office deputy chief. The government may impose stronger measures in 2021 to reduce capacity, he warned.<\/p>\n
Many of the steel industry\u2019s environmental problems arise from low market concentration, says Li Xinchuang \u674e\u65b0\u521b Metallurgical Industry Planning and Research Institute chief engineer. Mergers and reorganisations are likely, he added. NDRC will encourage these structural adjustments and introduce strict rules to ban capacity increases, commented Zhao.<\/p>\n\n <\/div>\n
\n view more<\/a>\n 18 Jul 2021<\/div>\n <\/div>\n <\/div>\n
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\n Yicai<\/a>
\n Caixin<\/a>
\n Xinhua Net<\/a>
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overcapacity<\/div>\n
M&A<\/div>\n
traditional industry<\/div>\n
research institutes<\/div>\n
green tech<\/div>\n
coal<\/div>\n
electricity<\/div>\n
carbon neutrality<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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\n \n renewables can now participate in power spot markets\n <\/a>\n <\/h2>\n \n
context:\u00a0<\/strong>Almost\u00a0four years after the\u00a0first set of pilots was launched,\u00a0energy authorities are expanding reform to broader regions. The spot\u00a0markets continue to be hampered by incomplete liberalisation that upset prices and the supply-demand balance. <\/i><\/p>\n\n <\/div>\n \n
context:\u00a0<\/strong>Almost\u00a0four years after the\u00a0first set of pilots was launched,\u00a0energy authorities are expanding reform to broader regions. The spot\u00a0markets continue to be hampered by incomplete liberalisation that upset prices and the supply-demand balance. <\/i><\/p>\n
National Development and Reform Commission and National Energy Administration released a document targeting current obstacles in power spot markets.<\/p>\n
The document stipulates<\/p>\n
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allowing new energy to enter the power markets\n
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new energy projects will participate by signing long-term CFDs (contracts for differences) with power grids, power sales firms and users<\/li>\n
they are encouraged to trade 10 percent of expected generated power in the current settlement cycle through bidding\n
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this is the first time renewables\u2019 participation in the power market has been endorsed by national policies; they were previously protected by state priority rules, but their percentage will increase as reform deepens<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
boosting cross-region power transfer, at least 20 percent of transmitted power should be traded through market-based measures<\/li>\n
including users in the spot markets so price fluctuations can be received at the user end<\/li>\n
supporting regional power market pilots in the south, and researching plans for Jing-Jin-Ji and the Yangtze River Delta<\/li>\n
six regions (Shanghai, Jiangsu, Anhui, Liaoning, Hubei, Hebei) as the second batch of power spot-market pilots, requiring the first eight pilot regions to make further progress by end 2021<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 10 May 2021<\/div>\n <\/div>\n <\/div>\n
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\n Caixin<\/a>
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renewables<\/div>\n
grid<\/div>\n
electricity<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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\n \n international climate change cooperation boosted\n <\/a>\n <\/h2>\n \n
context:<\/strong> Cooperation on addressing climate change is shaping up as valuable ballast for the US\u2013China bilateral relationship that is increasingly wedged as the two nations\u2019 trajectories and values diverge. As the world\u2019s largest producer of HFCs, China ratifying the Kigali Amendment and phasing out these chemicals is a step towards a safer climate.<\/em><\/p>\n\n <\/div>\n \n
context:<\/strong> Cooperation on addressing climate change is shaping up as valuable ballast for the US\u2013China bilateral relationship that is increasingly wedged as the two nations\u2019 trajectories and values diverge. As the world\u2019s largest producer of HFCs, China ratifying the Kigali Amendment and phasing out these chemicals is a step towards a safer climate.<\/em><\/p>\n
President Xi Jinping participated in an online summit with French President Emmanuel Macron and German Chancellor Angela Merkel on 16 April.<\/p>\n
Among other matters, Xi announced that\u00a0China will officially become party to the Kigali Amendment to the Montreal Protocol, which bans the use of HFCs (hydrofluorocarbons) - a type of greenhouse gas.<\/p>\n
According to Wang Jinnan \u738b\u91d1\u5357 China Academy of Environmental Planning director, China, France and Germany can strengthen cooperation on<\/p>\n
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energy transition<\/li>\n
renewable energy<\/li>\n
microgrid technology<\/li>\n
hydrogen energy technology in aviation<\/li>\n
carbon markets<\/li>\n<\/ul>\n
Xie Zhenhua \u89e3\u632f\u534e China special climate envoy met with John Kerry US special climate envoy in Shanghai on 15-16 April, where they issued the \u2018US\u2013China joint statement addressing the climate crisis\u2019. According to the joint statement, the two nations will continue discussing concrete emissions reductions measures for the 2020s.<\/p>\n
Decarbonising energy-intensive industries will be more difficult for China than the US given the larger scale of these industries in China, commented Lin Boqiang \u6797\u4f2f\u5f3a Xiamen University China Institute for Studies in Energy Policy chief.<\/p>\n
The carbon border adjustment mechanism promoted by the EU demands close attention, says Zhang Haibin \u5f20\u6d77\u6ee8 Peking University School of International Studies deputy director. A unilateral action taken by the EU, this will have negative impact on international trade, adds Zhang.<\/p>\n
As for the Chinese carbon market, Zhang commented that<\/p>\n
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carbon prices must be maintained at a rational level<\/li>\n
quotas must be distributed well to prevent the market signal failing<\/li>\n<\/ul>\n\n <\/div>\n
\n view more<\/a>\n 20 Apr 2021<\/div>\n <\/div>\n <\/div>\n
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\n 21st Century Business Herald<\/a>
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energy transition<\/div>\n
US\/Canada<\/div>\n
UK\/Europe<\/div>\n
hydrogen<\/div>\n
renewables<\/div>\n
hydro<\/div>\n
grid<\/div>\n
electricity<\/div>\n
two highs<\/div>\n
carbon neutrality<\/div>\n
carbon market<\/div>\n \n ...\n <\/div>\n <\/div>\n <\/li>\n <\/ul>\n
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