Renewable and coal energy in China.
Late last month, China upgraded its target for renewable energy and issued a draft plan for green energy certificates. This follows a new three-year anti-pollution plan issued in July. These strategies to clean up the energy sector are being pursued at the same time as the government is introducing competition in the power sector, planning a nationwide carbon trading market starting with the power sector and reinforcing its clean energy policy.
Central government will press hard on local governments across northern China to fight air pollution.
Natural gas imports will rises, especially once new LNG gasification and import pipeline capacity comes onstream over the coming year.
A new 'green certificate' scheme should boost the share of renewable energy in China’s electricity supply.
The continued growth of coal-fired generating capacity may blunt the influence of the green certificate scheme.
