With the world’s largest power generation capacity, China continues to be a key player in the global energy market. Solar and wind installations are breaking records, and are on the course to hit its solar and wind power targets five years ahead, with non-fossil fuel sources constituting more than 51% of China’s total installed capacity. While China is bolstering its position as a global renewables leader , domestic coal use is raising alarm bells. Meanwhile, in the wake of Russia’s invasion of Ukraine, the EU is rapidly shifting away from its reliance on Russian gas and oil and transitioning towards renewable energy sources.
In China, the re-launch of the China Certified Emission Reductions (CCER) scheme marks significant progress in carbon market development, providing an opportunity for enhanced alignment with clean energy priorities. How will market reforms encourage greater foreign corporate participation? What green power procurement options are at the disposal of companies implementing sustainable strategies? As pressure intensifies for Beijing to reduce coal usage, how will these developments address the soaring energy demand?
The European Chamber is pleased to host David Fishman, Senior Manager at the Lantau Group for an insightful discussion on the evolving power landscape in China, examining all provinces, and offering valuable insights and comparisons with the EU and South East Asia. The presentation will present key macroeconomic policy updates and their implications for global corporate sustainability strategies.
15:00-15:10 Opening Remarks, Clement Lix, National Vice Chair of the Energy Working Group
15:10-15:40 Presentation on the developments of China’s Power Market
David Fishman, Senior Manager, The Lantau Group
15:40-16:30 Discussion and Q&A