Connect with us

Hi, what are you looking for?

CleanTechnica

Biomass

China’s Future Energy Mix — Graph Of The Day

Originally published on RenewEconomy.
by Sophie Vorrath

China – already the world’s second largest electricity market, largest carbon dioxide emitter, and consumer of half the world’s coal – is on course to more than double its power market in size by 2030. But with increased awareness of environmental pollution, a potential price on carbon emissions and increasingly competitive renewable energy alternatives, how will it meet the challenge?

As part of its latest report, The Future of China’s Power Sector: From centralised and coal powered to distributed and renewable?, Bloomberg New Energy Finance attempts to answer this question by modelling the outlook according to four different scenarios – Traditional Territory, New Normal (BNEF’s base case), Barrier Busting, and Barrier Busting plus carbon price. The result, below, is today’s graph of the day.

bnef-china

As the report notes, and the chart illustrates, it is hard to underestimate the significance of China’s power sector ‘revolution’ and the challenges and opportunities it will create for stakeholders. “These trends will have major implications for anything from coal and LNG prices to gas turbine, wind turbine and solar module demand,” BNEF says. “From a business perspective, the key question is how to develop strategies that allow companies to capitalise on the changing landscape of China’s power sector.”

Michael Liebreich, chief executive of Bloomberg New Energy Finance, said the impacts would reach far beyond China, with major implications for the rest of the world, “ranging from coal and gas prices to the cost and market size for renewable energy technologies – not to mention the health of the planet’s environment.”


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people, organizations, agencies, and companies.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Policy Research

Originally published on RMI.org. By Ji Chen, Shuyi Li, & Yanjun Wu For the first time, RMI has examined the vast potential for resource recycling in...

Cars

Well known Tesla fan Vincent on Twitter, who’s also the founder of Tesmanian, has shared some news about Tesla’s actual sales in China. He...

Cars

Four days ago, Nissan announced the start of pre-sales of the Nissan Ariya in Japan. The Ariya is a new 100% all-electric crossover SUV....

Batteries

Welcome to China × Cleantech — April 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. EV Sales 11%...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.