China Energy Policy Newsletter – May 2024
In this month’s newsletter:
China energy transition updates
- MEE proposes a 2024 carbon intensity reduction target
- 2021 carbon dioxide emission factors of the power sector released
- Development of the coal industry in 2023
- Solicitation of comments on the draft Energy Law
- The government encourages distributed wind power in rural areas
- NEA plans to improve green certificate issuance and trading rules
- NDRC updates power market supervision measures
- The country’s first electric heavy truck virtual power plant launched
Policy monitoring
- The government encourages the introduction of green insurance products
- NEA is formulating green power trading rules
- NDRC establishes emergency coal reserve mechanism
- NEA refines new energy storage grid connection and dispatch regulations
- The first batch of low-carbon advanced technology demonstration projects released
- MIIT releases 2030 aviation sector electrification plan
- The government clarifies the special investment regulations for energy conservation and carbon reduction
- The State Council promotes large-scale energy equipment upgrades
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