Update of the current status of FCEV Model City-cluster Project after 2022

【In brief】

- Two Chinese hydrogen projects, one renewable hydrogen production project, and one hydrogen fuel cell logistic truck project are seeking CDM crediting to issue international carbon credits. Another hydrogen fuel cell commercial vehicle project is up for CCER issuance at home.

- Hy...

[Snapshot]
1. To achieve carbon neutrality, CCUS decarbonization technology will be necessary for hard-to-abate sectors such as cement, steel etc. For instance, in the cement sector, the replacement of green electricity and green fuels could only cut 40% of emissions. The rest 60% cut might only be...

In brief:
1. Although financial investors both home and abroad are temporarily excluded from the national ETS, it is likely that they will be introduced in the near term.
2. Once financial investors are involved and derivative products are adopted, the national carbon market could grow further an...

[Snapshot]
1. Renewable energy mismatch in China has raised concerns over the coastal region’s carbon neutrality progress, offshore wind could be one solution.
2. Although the dramatic surge of offshore wind in 2021 was mostly due to the cancellation of national subsidies, there are several reaso...

Snapshot:
1. To further boost renewable energy development and reduce carbon emissions, China’s green electricity pilot trade program was launched in Sep. 2021 by the National Development and Reform Commission, the country’s top economic regulator.
2.Previously under the conventional mid-to-long ...