Tag: china

Green Hydrogen for Decarbonizing Asian Industries: Report

Green Hydrogen for Decarbonizing Asian Industries: Report

April 19, 2024 | ,

The analysis provides a detailed look into the demand for green H2, the necessary scale-up of electrolyzers, and the potential market growth up to 2050. By focusing on the current and future industrial landscapes, technological advancements, and supportive policy environments, the report aims to be a vital resource for stakeholders, highlighting the urgent need for wider adoption of these commercial technologies to achieve global net zero targets.

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Low-Carbon Transition Finance in China: Report

Low-Carbon Transition Finance in China: Report

April 12, 2024 | ,

In recent years, green finance in China has developed rapidly, boosting confidence in the transition of the entire market. However, green finance investments have mostly focused on “pure green” projects with high technological maturity, such as clean energy, green transportation, and green building. For industries with high carbon emissions, such as heavy industry, or projects at relatively early stages of technology development, financial support remains insufficient, making it difficult to meet the transition needs of these sectors.

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Serbia secures $2.18 billion renewables investment commitment from China

Serbia secures $2.18 billion renewables investment commitment from China

January 30, 2024 |

China has committed to investing $2.18 billion in Serbia’s mining and energy ministry to support the development of renewable energy projects. On January 26, 2024, Serbian Zijin Copper, a subsidiary of Zijin Mining, and China’s Shanghai Fengling Renewable signed a memorandum of understanding. The agreement outlines plans for a 1.5 GW wind farm, a 500 MW solar plant, and a hydrogen production facility capable of producing 30,000 tonnes per year by 2028.

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Why China didn’t sign global pledge to triple renewables

Why China didn’t sign global pledge to triple renewables

January 15, 2024 |

One possible reason that China, biggest renewables generator, did not sign the pledge is the bundling of the headline target of tripling renewables with doubling energy efficiency. Experts said the countries were keen not to over pledge and under deliver, aware that whatever targets they commit to, even if not binding on individual countries to achieve, may invite international pressure.

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Tripling Renewables by 2030 in Asia

Tripling Renewables by 2030 in Asia

December 11, 2023 |

World leaders have been building momentum to triple global installed renewable energy capacity by 2030, from a 2022 baseline. The proposed pledge puts renewable energy at the forefront of upcoming negotiations and aligns with BloombergNEF’s own analysis on a net-zero pathway. Achieving it will require global commitments to remove bottlenecks, particularly those affecting wind and power grids, that differ by country. 

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Sembcorp acquires wind assets in China and India

Sembcorp acquires wind assets in China and India

November 28, 2023 |

Sembcorp Industries (Sembcorp) has signed two separate agreements to acquire a total of 428 MW of wind assets in China and India. Sembcorp’s wholly-owned subsidiary, Sembcorp Energy (Shanghai) Holding Co Ltd, has signed an agreement with Envision Energy Co Ltd to acquire 100 per cent of the share capital in Qinzhou Yuanneng Wind Power Co. Ltd, (Qinzhou Yuanneng) for an equity consideration of approximately $130 million.

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GE Vernova to refurbish Xiangjiaba hydropower plant

GE Vernova to refurbish Xiangjiaba hydropower plant

August 24, 2023 |

Yangtze Power has awarded GE Vernova a contract for improving the 6.4 GW Xiangjiaba hydropower plant in China. Three sets of main shaft air supply pipes will be designed, manufactured, delivered, installed, and commissioned by GE Vernova. It’s anticipated that the improvements will be finished in the first half of 2024. The project is anticipated to boost the sealing effect, retaining the hydropower plant’s performance.

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Limited Effects On Mainland China’s Overall Hydropower Sector From Severe Heatwaves

Limited Effects On Mainland China’s Overall Hydropower Sector From Severe Heatwaves

July 13, 2023 |

On June 24 2023, Mainland China extended the ‘red’ alert to most of Beijing and the provinces of Hebei, Shandong, Henan, and Inner Mongolia, reflecting the severity of the heatwaves that have been affecting the market. As the heatwaves are currently localised in the Northern regions, which depend less on hydropower than the Southern regions, the implications for the overall hydropower sector are expected to be limited. The hotter summers China is experiencing will push the market to strengthen support for other power types, with a focus on non-hydropower renewables expansion and dominating the market’s capacity additions.

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China Sustainable Debt 2022

China Sustainable Debt 2022

June 11, 2023 | ,

This is the seventh iteration of the China Sustainable Debt State of the Market Report. It describes the shape and size of the green, social, and sustainable (GSS) markets, plus sustainability-linked bonds (SLBs), and transition bonds, known as the GSS+ market. Data extends to the end of 2022.

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2023 China Power Outlook: RMI Report

2023 China Power Outlook: RMI Report

June 9, 2023 | ,

China’s power market reforms have been evolving for 20 years. The core aim of the reforms has been to introduce more competition along the power sector value chain to diversify investments and optimize the overall operation. Beginning in 2002, power generation was separated from grid utilities who oversaw transmission, distribution, and retail. In 2015, the “current round of reforms” was introduced to bring competition to the electricity energy market and the distribution and retail market.

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Unified National Power Market System in China

Unified National Power Market System in China

May 5, 2023 | ,

This report “”Building a Unified National Power Market System in China” examines the role of power markets in China and the pathways to develop a national market. The analysis focuses on short-term markets because they have the potential to unlock flexibility the system needs in light of renewables growth and changing weather patterns. The report provides recommendations to improve markets’ co-ordination across the country as well as within the provinces.

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China may reach energy self-sufficiency by 2060

China may reach energy self-sufficiency by 2060

April 17, 2023 |

China is on track to produce almost three times more power from wind turbines and solar panels than the government has targeted to have in place by the end of the decade – and it could become energy self-sufficient by 2060. Those forecasts come from Goldman Sachs Research, which predicts China’s combined capacity of solar and wind energy will reach 3.3 terawatts by 2030, far exceeding the government’s current target of 1.2 terawatts.

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China Petrochemical Corp to build the country’s first long-distance hydrogen pipeline

China Petrochemical Corp to build the country’s first long-distance hydrogen pipeline

April 13, 2023 |

China Petrochemical Corp has announced plans to build the country’s first long-distance hydrogen pipeline stretching over 400 km from Inner Mongolia to Beijing. As per the company’s statement, the pipeline will bolster China’s efforts towards the green energy transition. China Petrochemical Corp is also the parent company of fuel supplier China Petroleum & Chemical (Sinopec).

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Green Fiscal Stimulus in Vietnam and China: Paper

Green Fiscal Stimulus in Vietnam and China: Paper

January 27, 2023 | ,

Using the case of two emerging economies, Indonesia and Vietnam, this paper investigates whether the stimulus plans align with a country’s sustainable energy and climate targets. This study finds that despite ambitious country targets for green energy transition, these countries may miss opportunities for a green future due to limited fiscal measures directed to green recovery. The pandemic has exacerbated public fiscal budgets that may further limit the capacity to fund green projects.

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Power System Decarbonization in Northwestern China: Report

Power System Decarbonization in Northwestern China: Report

December 16, 2022 | ,

China’s northwestern region is facing the challenge of transitioning from coal to renewable fuels. At the same time, the region is one of the most important energy bases in China, and about 28 percent of its total power generation is exported to other provinces. With the completion of cross-regional transmission lines and large energy bases, the proportion of exports will continue to grow. Therefore, power system decarbonization in the northwestern region will have a significant impact and will provide best practices for the national power system.

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Hydrogen Production with CCUS in China: IEA Report

Hydrogen Production with CCUS in China: IEA Report

November 23, 2022 | ,

Hydrogen and carbon capture, utilisation, and storage (CCUS) are set to play important and complementary roles in meeting People’s Republic of China’s pledge to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060. Hydrogen could contribute to China’s energy system decarbonisation strategy, such as through the use as a fuel and feedstock in industrial processes; in fuel cell electric transport, and for the production of synthetic hydrocarbon fuels for shipping and aviation.

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Better data is key to success of China’s carbon market

Better data is key to success of China’s carbon market

September 28, 2022 |

China’s recently established national ETS has drawn tremendous attention worldwide. It is expected to serve as China’s primary tool to meet its “dual carbon” targets of CO2 peaking before 2030 and carbon neutrality before 2060. The largest ETS globally, it accounts for 40% of China’s emissions and more than 10% of worldwide emissions, with the potential to double in size once industrial sectors are added to the already-covered energy sector.

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The place of biodiesel as China eyes carbon neutrality

The place of biodiesel as China eyes carbon neutrality

September 14, 2022 |

Prices for China’s biodiesel exports have been rising significantly, from less than 7,000 yuan (US$1,050) a tonne in January last year to a record high of over 12,000 yuan (US$1,723) in July this year. The average price in the first seven months of this year also exceeded 11,000 yuan. Biodiesel stocks have also done well on China’s own markets. The main reasons for this are the global trend towards low-carbon development and the Russo–Ukrainian war pushing oil prices higher.

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China’s New Green Power Market Increases the Value of Renewables

China’s New Green Power Market Increases the Value of Renewables

August 24, 2022 |

To achieve its climate pledges, China has proposed building a zero-carbon power system, gradually upgrading the energy mix through reducing coal consumption and increasing renewable energy generation. In 2021, driven by both policy initiatives and market forces, China officially launched its green power trading market, ushering in a new wave of growth in green power transactions.

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China’s new green finance guidelines have a deforestation blind spot

China’s new green finance guidelines have a deforestation blind spot

August 3, 2022 |

On 1 June, the China Banking and Insurance Regulatory Commission (CBIRC) issued a new set of green guidelines. These lay out detailed expectations for banks and insurance companies to identify, monitor, prevent and control their environmental, social and governance (ESG) risks. Policymakers in China have been showing a growing interest in green finance. Traditionally, policies in the area have mainly focused on encouraging financial flows into supporting green, non-polluting and low-carbon businesses.

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