Monday, December 20, 2021

Platts: "China’s energy transition: Walking a thin line between decarbonization and disruption"

From S&P Global Platts, December 20:

China's efforts to decarbonize its power sector have triggered intense debate about the role of its existing fossil fuel-based electricity system and the extent to which the system will have to be recalibrated.

There is general consensus that an electricity supply chain based predominantly on renewables will have to be fundamentally different from one based on fossil fuels, mainly to handle intermittency issues and introduce market-based mechanisms for both power and carbon trading.

The debate, however, is largely around securing a smooth energy transition, ensuring stable power supply and the pace and criteria for decommissioning coal-fired plants.

(click to enlarge)

The recent energy crisis exacerbated concerns around indiscriminate phasing down of coal, the economic impact of high energy prices and volatility if electricity prices are deregulated in a market-based system....


Related at Platts' Insight Blog:

Amid China vacuum, Australian coal finds new homes in India, Japan