Open figure viewer
Subject
Reform of China's energy sector.
Significance
The government has recently taken steps to reform China’s energy sector, diversify the number of actors and increase the role of market forces. However, the state retains a dominant position in the sector.
Impacts
It could still be many years before the draft Energy Law of 2020 is formally adopted into law.
Measures to open up the oil and gas industry are likely to have little effect, especially at a time of low oil and gas prices.
New electricity and carbon markets will not achieve their potential in terms of economic efficiency and emissions reduction for many years.
Keywords:
China,
AP,
industry,
deregulation,
energy,
gas,
legislation,
oil,
reform,
electricity,
environment,
Fossil fuels,
Renewable energy
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
You do not currently have access to this content.
