The first issue of the China Renewable Energy Outlook (CREO) was launched at the International Forum on Energy Transitions in Suzhou Monday, October 31st 2016. The Suzhou Forum is a global event organised jointly by the Chinese National Energy Administration, the International Renewable Energy Agency and the Jiangsu provincial government.
The China Renewable Energy Outlook 2016 provides an overview of the development of the Chinese energy system and identifies main challenges and opportunities for the future. It presents two development scenarios looking at the impact of the current policy and investigating implications of increasing RE ambitions. Finally, different policy measures and framework conditions for renewable energy are examined, including power system flexibility, power market development, flexible interconnectors, cost and pricing, the subsidy system, and the promotion of distributed generation and RE heating.
The study indicates that current policies including measures under the 13th Five Year Plan, if successfully implemented, can ensure achievement of the minimum levels of China’s international commitments. This includes China’s Nationally Determined Contributions (NDC) to the Paris agreement. CREO also shows how more ambitious targets could be achieved to put China on a 2-degree pathway.
The China Renewable Energy Outlook is an annual publication issued by the China National Renewable Energy Centre (CNREC) and prepared under the programme Boosting Renewable Energy as part of China’s Energy Revolution. The programme is supported by the Children’s Investment Fund Foundation and the Danish Government.
Ea Energy Analyses has been strongly involved in the preparation of this first CREO publication. Ea Partner Lars Møllenbach Bregnbæk has been embedded as Chief Modelling Expert in CNREC since 2015.