Archive for 1 Energy and Climate

The Value of Carbon in China – Carbon Finance and China’s Sustainable Energy Transition

Abstract China-based perspective of the impact of CDM in China with in-depth analysis of various project types, provinces and market survey. This report was written in the first part of 2008, when fuel prices increased substantially worldwide. These price increases and concerns over future energy security and climate change have pushed nations to initiate transitions to more sustainable energy sources, including the use of CDM. While the use of CDM in China has only recently been established, understanding its affects on China’s evolving sustainable energy market is important in how to best to further roll-out clean energy technologies moving forward. This report’s object was to break down the entire pipeline and already registered CDM projects within China, looking at current market trends and giving key findings on the direction of the CDM market in China. China is host to the largest number of CDM projects for any country in the world. Therefore, understanding how CDM work (or doesn’t work) in China can help policy makers reform incentives to make CDM more flexible in its adaptation in the post-2012 timeframe.
Author Azure International/WWF
Publisher
Link http://www.azure-international.com/images/stories/azure/Value%20of%20Carbon%20in%20China.pdf
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1 Energy and Climate, 1.5 General “Green" concerns

Market-driven Energy Pricing Necessary to Ensure China’s Power Supply

Abstract China’s rapid economic growth has strained its power supply, as manifested for instance by the widespread 2008 power shortage. The cause for this shortage is thought to be the current Chinese energy pricing system, which is mainly government rather than market controlled. Government- regulated price-caps for coal have seriously affected coal supply. At the same time price-caps for electricity supply have caused suspension of power plant operation. As a result, the average operating time of coal-fired power plants declined 50 h annually across the nation in the first half of 2008 compared to the previous year, despite clear power shortages. Here, it will be suggested that energy pricing, set by supply and demand may effectively discourage excessive growth in heavy industry, substantially encourage energy conservation and efficiency, and curb the rapid electricity demand in China. It will be argued that a market-oriented electricity pricing mechanism is required for China to secure its future power supply.
Date 2009
Author Qiang Wang
Publisher
Link http://ideas.repec.org/a/eee/enepol/v37y2009i7p2498-2504.html
Series Energy Policy, Issue 37
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1.1.1 Chinese Sources – Official Chinese Governmental and Academic Research, Uncategorized

China’s New National Energy Commission: Policy Implications

Abstract On 27 January 2010, China announced the establishment of a new institution under the State Council—the National Energy Commission. The institution is like a cabinet within the Cabinet. Premier Wen Jiabao is chairman, Vice Premier Li Keqiang is vice chairman, and a number of leaders from relevant ministries and commissions as well as the military are members. China had a National Energy Commission three decades ago, headed by two vice premiers. The two institutions, however, are not comparable. The old institution was a stand-alone ministry, with a rank of vice premier, while the new institution is a mini-cabinet by itself. The National Energy Commission is housed in the State Council. Out of 27 ministers, 12 are on board in the newly established National Energy Commission. Most notably, ministers of Foreign Affairs, State Security, Finance, Environmental Protection, Commerce, Land and Resources, and Water Resources are among the 21 members. Moreover, the military is also represented. The establishment of such a super-ministry at this time reflects Chinese leaders’ concern for energy efficiency, energy security, and environmental protection. By establishing this super-ministry, China’s leadership attempts to better coordinate energy policy in order to get intra-agency cooperation on strategic initiatives on carbon emission reduction and energy efficiency improvement. The National Energy Commission is tasked to produce China’s energy development strategy, review issues of energy security and development, and coordinate domestic energy exploration and international energy cooperation.
Date 2010 02 05
Author Bo Zhiyue
Publisher East Asian Institute
Link http://www.eai.nus.edu.sg/BB504.pdf
Series EAI Background Brief No. 504
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1.1.3 International and Foreign Think-tanks, Research Institutes, NGOs and Individual Researchers