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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