China Energy Policy Newsletter – December 2024

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In this month’s newsletter:

China energy transition updates

  • MEE releases the 2023 annual report on China addressing climate change
  • The Energy Law officially released
  • China implements 2030 renewable energy substitution action
  • The consumption of renewable power in 2023 is announced
  • Wind and solar power generation utilisation remains stable in 2023
  • The largest CSP project in the desert area of China put into operation
  • The first zero-carbon port in China is complete

Special column – power market reform

  • China to build a unified national power market by 2029
  • The inter-provincial spot power market officially starts its operation
  • China’s first regional power market completes full-month settlement trial operation

Policy monitoring

  • NEA releases the fourth batch of the first key equipment list in the energy sector
  • NDRC lowers the performance ratio of medium and long-term power coal contracts in 2025
  • NDRC clarifies the key tasks of carbon emission statistics and accounting

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2024-12 CET_China Energy Policy Newsletter_December 2024Download