China Energy Policy Newsletter – April 2024

In this month’s newsletter:

China energy transition updates

  • NEA interprets the characteristics of a new-type energy system
  • The main starting points for the reduction of energy intensity in 2024
  • NEA clarifies the main tasks in the energy field in 2024
  • A further connection of green certificate with energy consumption dual-control
  • Green power market achieves nationwide coverage
  • NDRC renews the renewable power guaranteed acquisition supervision policy
  • Distribution grid development needs to serve distributed entities better
  • NDRC further regulates ancillary services pricing mechanism
  • CCER trading market officially launched
  • The State Council issues the first special regulation on carbon market transactions

Policy monitoring

  • NEA announces list of new-type energy storage pilot projects
  • The 2025 carbon reduction plan for the construction sector released
  • MIIT requires the establishment of a “dual carbon” standard system in the industrial field
  • The State Council clarifies the goals of building a waste recycling system
  • China solicits the fifth batch of key low-carbon technologies for promotion
  • NDRC updates green industry guiding catalog
  • NEA issues basic rules for power market information disclosure
  • NDRC expands coverage of energy efficiency standards for energy-consuming equipment
  • Government clarifies five-year development goals for power system flexibility

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