China's Energy Transition Policy

The video discusses China's energy outlook, emphasizing the continued use of coal due to unmet energy demands by renewables alone. It highlights the importance of renewable mega bases and the delays in their implementation. The discussion also covers China's carbon market, which is in its infancy, and the need for companies to prepare for stricter emission reduction rules in the future.

What is the expected growth rate of electricity demand in China for this year?

• 6%

• 5.5%

• 4%

• 3%

Why is China still relying on coal despite its clean energy initiatives?

• Coal is cheaper than renewables

• Coal is more environmentally friendly

• Renewables alone cannot meet the energy demand growth

• The government has no plans for renewables

What is the significance of renewable mega bases in China's energy strategy?

• They are not part of the 14th 5-year plan

• They are primarily for nuclear energy

• They account for the bulk of renewable capacity additions

• They are the main source of coal production

What is the current focus of China's carbon market?

• To immediately reduce emissions

• To set up infrastructure and allow companies to learn trading

• To eliminate coal usage

• To increase carbon emissions

What does the NDRC plan to do regarding carbon market data?

• Encourage data sharing

• Crack down on data fraud

• Ignore data discrepancies

• Increase data collection