China Energy Policy Newsletter – May 2021

In this month’s newsletter:

China energy transition updates

  • NEA issues 2021 Energy Work Plan
  • China is going to increase coal reserve by 60 million tons in 2021
  • NDRC has initially determined the feed-in tariff subsidies for wind power and PV in 2021
  • NDRC proposes new energy projects to adopt long-term contracts in spot power markets
  • Shandong launches the country’s first large-scale hydrogen energy demonstration project


  • Progress in China’s efforts to address climate change

Policy monitoring

  • NDRC unifies the pumped storage power price to interact with power markets
  • The NEA quantifies the requirements for the power generation-grid-load-storage integrated project
  • The MoF adds on 20 cities to carry out clean heating renovation
  • NDRC solicit opinions on energy storage development goals for 2030
  • NEA will promote the use of geothermal energy
  • The government updates the scope of green bond support projects

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