The pace of emissions reductions of the People's Republic of China (hereinafter,“China") over the coming decades will be an important factor in global efforts tolimit global warming to 1.5°℃. The power sector is central to achieving China'sstated climate ambition of peaking Co2emissions before 2030 and achievingcarbon neutrality before 2060.Accelerating the sector's decarbonisation requiresa well-coordinated policy mix. This report,Enhancing China's ETS for CarbonNeutrality: Focus on Power Sector，responds to the Chinese government'sinvitation to the lEA to co-operate on carbon emissions trading systems(ETS) andsynergies across energy and climate policies. lt shows that an enhanced ETScould lead the electricity sector toward an emissions trajectory that is in line withChina's carbon neutrality target. This report also explores the interactions andeffects of China's national ETS with its renewable energy policy in the electricitysector，namely renewable portfolio standards (RPS). lt examines the impact ofdifferent Enhanced ETS Scenarios on co2emissions，generation mix,cost-effectiveness and interaction with RPS.The report concludes with a series ofpolicy insights to inform China's climate and energy debate.
发表于 2022-6-8 11:38:42
