China Energy Outlook 2020 - Flipbook - Page 63
Table 2-3. China’s Key Energy-Related Policies and Programs: National and Subnational
Policy/Program
Double Control
Program
Type
Regulatory/
Administrative
Coverage
National
All provinces
100-1000-10,000
Program
Regulatory/
Administrative
National
Energy
Consumption
Quota Trading
Program
100 Energy
Efficiency
Standards
Promotion
Project
Energy Efficiency
Top-Runner
Program
Economic
Subnational
Regulatory/
Administrative;
Informational;
Voluntary
National
Informational;
Voluntary;
Motivational
National
National
Emissions Trading
Scheme
Economic
National
Green Finance
Economic
National
Winning the
Battle for a Blue
Sky
Regulatory/
Administrative
Subnational
Low Carbon Pilot
Cities and
Provinces
Informational;
Voluntary;
Motivational
Subnational
Industry, Buildings,
Transportation: 100
enterprises (annual energy use
of 3 Mtce or higher); 1,000
enterprises (0.5 Mtce or
higher), remainder (less than
0.5 Mtce)
Zhejiang, Fujian, Henan, and
Sichuan pilots: mostly industry
plus thermal power generation
~100 energy-consuming
products, energy-savings
measurement, energy
management systems, energy
use monitoring
End-use energy consuming
products, high energyconsuming industries, and
public institutions
All power plants emitting over
26,000 tons of CO2e per year; is
expected to expand to 7
industrial sectors in the future
Green bonds, green lending,
green development funds,
green insurance, markets for
pollution control rights, local
government initiatives, and
international cooperation
Beijing-Tianjin-Hebei and
surrounding areas, the Yangtze
River Delta, the Fen River and
Wei River Plains
84 low-carbon city/province
pilots
49
Current Status
Struggling to meet the
total energy
consumption target
Lack of notable
progress to date
4 provincial pilots
ongoing
96 energy efficiency
standards established;
some implementation
issues
Progressing but with
weak participation
Trial operation with
simulated transactions
for the power sector
only
Some concern about
China’s broad
definition of “green”;
significant increases in
green credit and green
bond issuances in
recent years.
On track to meet 2020
goals
84 low carbon
cities/provinces have
set CO2 peaking goals