OFFICIAL: China just released the Top-level design of its carbon neutrality policy framework ‘1+N’
🎉🎉🎉
On 24 October, the Communist Party of China and the General Office of the State Council issued the Opinions on carbon peak and neutrality
via Xinhua
China OFFICIALLY releases it top-level design in '1+N' Carbon peak and neutrality policy framework on 24 October.
reported CCTV in daily news Xinwenlianbo:
FULL TEXT of China's Top-level design of Carbon peak and neutrality policy framework.
It is officially released on 24 October, and the document is dated 22 September: gov.cn/zhengce/2021-1…
and this is the same version as document dated 22 September which was also distributed to provincial and local governments,
and same as Refinitiv Carbon team discussed in the analysis published on 20 October:
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🇨🇳 state planner NDRC released draft 'Guidelines on Speeding up New Types of Energy Storage (excl. pumped storage) Deployment'
That is tenfold increase in Battery Storage capacity from 2020 level of 3.3GW
The draft NDRC guideline states key targets:
2025: New Type of Energy Storage will evolve from initial commercial stage to large-scale deployment.
2030: Full market-based mechanism for Energy Storage 🔋, meeting needs in New Power System.
🇨🇳energy regulators pinned main measures to boost #EnergyStorage in draft guideline:
🔹Energy Storage sectoral Plan, with targets and key tasks in 14FYP and mid-long term
🔹🔋Technology progress
🔹Energy storage joins power market incl. capacity mechanism
How can China ensure the massive scale of Wind and Solar integrated into power system?
It is quite clear now that 'Provincial RE Quota Obligation' is the central mechanism to implement and facilitate RE integration, supplemented by Green Certificate etc.