China
In 2020-2021, in response to the COVID 19 pandemic, China has committed at least USD 96.75 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
- At least USD 25.34 billion for unconditional fossil fuels through 20 policies (14 quantified and 6 unquantified)
- At least USD 31.65 billion for conditional fossil fuels through 4 policies (3 quantified and 1 unquantified)
- At least USD 1.27 billion for unconditional clean energy through 6 policies (3 quantified and 3 unquantified)
- At least USD 19.24 billion for conditional clean energy through 8 policies (5 quantified and 3 unquantified)
- At least USD 19.24 billion for other energy through 4 policies (3 quantified and 1 unquantified)
By energy type, China committed at least USD 11.85 billion to oil and gas (at least USD 10.98 billion to unconditional oil and gas and at least USD 869.44 million to conditional oil and gas).
In addition, China committed at least USD 45.15 billion to coal (at least USD 14.36 billion to unconditional coal and at least USD 30.78 billion to conditional coal).
Further, no public money commitments identified for hydrogen based on fossil fuels.
Finally, no public money commitments identified for multiple fossil fuels.
A considerably larger amount of public money committed to supporting the economy and people of China through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.
These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.
More information on key poverty and inequality indicators in China can be found on the Inequality and Poverty Dashboard page.
Updated: December 31st 2021
At least
$56.99 billion
Supporting fossil fuel energy
$40.78
Per capita
At least
$20.51 billion
Supporting clean energy
$14.67
Per capita
China
In 2020-2021, in response to the COVID 19 pandemic, China has committed at least USD 96.75 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
- At least USD 25.34 billion for unconditional fossil fuels through 20 policies (14 quantified and 6 unquantified)
- At least USD 31.65 billion for conditional fossil fuels through 4 policies (3 quantified and 1 unquantified)
- At least USD 1.27 billion for unconditional clean energy through 6 policies (3 quantified and 3 unquantified)
- At least USD 19.24 billion for conditional clean energy through 8 policies (5 quantified and 3 unquantified)
- At least USD 19.24 billion for other energy through 4 policies (3 quantified and 1 unquantified)
By energy type, China committed at least USD 11.85 billion to oil and gas (at least USD 10.98 billion to unconditional oil and gas and at least USD 869.44 million to conditional oil and gas).
In addition, China committed at least USD 45.15 billion to coal (at least USD 14.36 billion to unconditional coal and at least USD 30.78 billion to conditional coal).
Further, no public money commitments identified for hydrogen based on fossil fuels.
Finally, no public money commitments identified for multiple fossil fuels.
A considerably larger amount of public money committed to supporting the economy and people of China through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.
These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.
More information on key poverty and inequality indicators in China can be found on the Inequality and Poverty Dashboard page.
$ %
Public money commitments to fossil fuels, clean and other energy in China recovery packages, USD billion, in 2020-2021
| Country | Jurisdiction | Category | Policy name | Sector | Energy Type | Mechanism | Value committed, USD | Date of announcement | Stage | Legislation and Endorsing Agency | Arm of Government | Primary and secondary stated objective of the policy | Date of entry into force | Implemented repeal date, if any | Value committed, national currency | Value disbursed, national currency | Value disbursed, USD: | Policy background | Links to official sources | Links to additional sources | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| China | Shanxi | Clean unconditional | Shanxi province kicked off carbon emissions financing with a total amount of 354 million yuan | Power generation | Multiple renewable | Loan (Hybrid) | 51296913.490798 | 27/11/2021 | Electricity generation | Public finance institution | 27/11/2021 | 354000000 | Bank of China Shanxi Branch and Construction Bank Shanxi Branch issued the first four carbon emission reduction project loans of 354 million yuan, with a weighted average interest rate of 4.05%, driving the annual carbon emission reduction of 54,900 tons. Four loans were all invested in the field of clean energy, including 40 million yuan for pumped storage power plant projects, 80 million yuan for wind power generation projects, 234 million yuan for solar power generation projects. | http://www.news.cn/local/2021-11/27/c_1128106575.htm |
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| China | National | Fossil conditional | China to set up 200 billion yuan relending facility for cleaner coal use | Multiple sectors | Coal | Loan (Hybrid) | 28981307056.948 | 17/11/2021 | Several energy stages | State Council | Government | 200000000000 | On top of the financial instruments introduced earlier to support the reduction of carbon emissions, a targeted re-lending program with a quota of 200 billion yuan (about $31.3 billion) will be rolled out in support of the efficient use of coal. | http://english.www.gov.cn/premier/news/202111/18/content_WS6195a201c6d0df57f98e51d8.html |
https://www.reuters.com/business/sustainable-business/china-set-up-200-bln-yuan-relending-facility-back-clean-use-coal-2021-11-17/ |
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| China | National | Fossil conditional | PipeChina issues 6 billion yuan ultra-short-term bond for gas projects | Resources | Gas and gas products | Purchase of bonds (Hybrid) | 869439211.70845 | 12/11/2021 | Exploration or production or processing or storage or transportation | SOE | 6000000000 | The bond issuance is the first appearance in the public market after the establishment of the State Pipe Network Group, exclusively underwritten by the Industrial and Commercial Bank of China, with an issue amount of 6 billion yuan and a term of 270 days, which is the largest single amount of ultra-short-term financing bonds this year. All the funds raised will be used for the construction of natural gas storage and transportation infrastructure such as gas storage depots. | https://finance.sina.com.cn/money/future/roll/2021-11-13/doc-iktzqtyu7112600.shtml |
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| China | National | Fossil unconditional | China approves Sinopec Longkou LNG terminal | Resources | Gas and gas products | Budget or off-budget transfer ... | 1202724242.8634 | 13/10/2021 | Several energy stages | National Development and Reform Commission and Sinopec | SOE | To enhance natural gas supply and storage capacity in Shandong Province and surrounding areas; to promote economic and social development and energy structure optimization in the Bohai Sea region | 8300000000 | China's state planner has approved a Sinopec liquefied natural gas (LNG) terminal in Longkou region in Shandong province, with annual receiving capacity of 6.5 million tonnes. The project will invest 8.3 billion yuan to build a 266,000 cubic metres LNG berth, four LNG storage tanks with each capacity at 220,000 cubic metres and other supporting facilities, according to China's National Development and Reform Commission. | https://www.nasdaq.com/articles/china-approves-sinopec-longkou-lng-terminal-2021-10-13 https://www.gem.wiki/Longkou_LNG_Terminal |
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| China | National | Fossil unconditional | PipeChina invests CNY 24.45bn to boost natural gas supplies | Resources | Gas and gas products | Budget or off-budget transfer ... | 3542964787.7119 | 22/10/2021 | Several energy stages | PipeChina | SOE | Increasing energy security | 24450000000 | PipeChina has made an investment of USD 3.8bn (CNY24.45bn) to increase gas supplies ahead of the winter season when demand will surge. This investment will expand PipeChina's gas infrastructure and add 60 million cubic metres of daily gas supply capacity by the end of 2021. This investment should also be seen in the context of China's electricity crisis and coal shortages which have led energy firms in the country to secure fuel supplies at all costs. | https://www.offshore-technology.com/news/pipechina-natural-gas-supplies/ |
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| China | National | Clean unconditional | Sinopec Green Hydrogen Plant | Resources | Hydrogen | Budget or off-budget transfer ... | 376756991.74033 | 25/05/2021 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Sinopec | SOE | 2600000000 | Sinpoec has announced its first green hydrogen project. The plant will have an annual production capacity of approximately 20,000 tonnes and will supply energy to one of the company's joint ventures in coal chemical production. | https://www.reuters.com/business/sustainable-business/sinopec-launch-first-green-hydrogen-project-2022-2021-05-25/ |
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| China | Jiangsu | Fossil unconditional | Binhai CNOOC LNG Terminal Expansion | Resources | Gas and gas products | Budget or off-budget transfer ... | 883929865.23692 | 17/11/2020 | Exploration or production or processing or storage or transportation | State-owned Assets Supervision and Administration Commission of the State Council (SASAC); Jiangsu Government | SOE | 6100000000 | China’s biggest offshore oil and gas producer CNOOC Group will add 1.62 million cubic metres of storage capacity for liquefied natural gas (LNG) at its Binhai terminal in the eastern province of Jiangsu. The expansion will consist of six tanks with storage capacity of 270,000 cubic metres each and construction is expected to be completed in 2023. The government of Henan, a province in central China, will invest in two of the tanks but CNOOC will operate them, in order to meet gas demand from both Henan and Jiangsu. | http://www.xinhuanet.com/science/2021-06/15/c_1310008108.htm |
https://www.reuters.com/article/us-china-lng-cnooc/chinas-cnooc-to-add-six-lng-storage-tanks-at-binhai-terminal-idUSKBN27Y07O |
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| China | National | Fossil unconditional | China announces end to overseas coal financing | Multiple sectors | Coal | New or extended regulation (IT... | 24/09/2021 | Several energy stages | President of China/Bank of China | Government | At the UN General Assembly China announced that it would end overseas finance to coal fired power plants. This is a major announcement which has important repercussions for other countries dependent on coal financing. This could lead to a USD 50 billion slash in investments and a significant greening of China's belt and road initiative while forcing coal financiers such as the Bank of China to set up a timetable to withdraw from the sector. That being said, the exact details of the announcement remain to be set, including the timetable for the exit, the eligibility and the separation between public and private financing. Three days after Xi's speech, the Bank of China declared it would no longer provide financing for new coal mining and power projects outside China from the last quarter of 2021. | https://www.reuters.com/business/energy/chinas-overseas-coal-power-retreat-could-wipe-out-50-bln-investment-2021-09-22/ https://www.reuters.com/business/sustainable-business/bank-china-stop-financing-new-coal-mining-power-projects-overseas-q4-2021-09-24/ |
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| China | Shaanxi | Other energy | Northern Shaanxi to Hubei ±800 kV UHV DC project | Power generation | Multiple energy types | Budget or off-budget transfer ... | 2680770902.7677 | 04/04/2020 | Electricity storage or transmission or distribution | State Grid Shaanxi Electric Power | SOE | 18500000000 | This is one of the first demonstration projects of the "UHV transmission upgrade", with a total line length of 1,137 km and a rated transmission capacity of 8GW. It is a key project of the national "13th Five-Year Plan" power plan. The project is scheduled to be completed and put into operation in 2021, with an annual transmission capacity of 40 billion kilowatt-hours, which can effectively alleviate the mid-to-long-term power supply and demand contradiction in Hubei and Central China. | http://www.xinhuanet.com/finance/2020-06/09/c_1126093514.htm https://www.sohu.com/a/385462905_362042 |
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| China | Shaanxi | Fossil unconditional | Yanchang Petroleum Yushen 500,000 tons/year coal-based ethanol project | Resources | Coal | Budget or off-budget transfer ... | 1011447616.2875 | 06/06/2020 | Exploration or production or processing or storage or transportation | Shaanxi Yanchang Petroleum Yushen Energy and Chemical Co., Ltd. | SOE | industrial restructuring | 6980000000 | Yanchang Petroleum Yushen's project is estimated to produce 500,000 tons per year of coal-based ethanol. The project is a key component of the company's long-term strategy on industrial restructuring, transformation, and upgrading. | https://www.thepaper.cn/newsDetail_forward_7764132 |
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| China | Shaanxi | Fossil unconditional | Fugu Qingshuichuan Coal-Power Integrated Project Phase III | Power generation | Coal | Budget or off-budget transfer ... | 1019640631.7925 | 10/03/2020 | Electricity generation | Shaanxi Investment Group and Shaanxi Coal Industry Chemical Group | SOE | 7036540000 | This project is a key component of Shaanxi Province's 14th Five-Year-Plan. The Power Plant will have a ultra-supercritical air-cooling coal-fired generating units with 2x1 million kilowatts capacity, a coal consumption of 4.85 Mt/a and will deliver reliable energy throughout the grid. | http://sxsnyj.shaanxi.gov.cn/NEWS/xmgz/VzI3Uz.htm |
https://www.seetao.com/details/35100/en.html |
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| China | Guangdong | Fossil unconditional | Maoming-Yangjiang Trunk Line Project of Western Guangdong Natural Gas Trunk Pipeline Network | Resources | Gas and gas products | Budget or off-budget transfer ... | 446848282.85756 | 05/03/2020 | Exploration or production or processing or storage or transportation | Jointly funded by the Yudean Group (on behalf of the People's Government of Guangdong Province), CNOOC, Sinopec, and CNPC | SOE | 3083700000 | The line is about 157.2 kilometers long, with 2 new stations and 8 valve chambers. This project is a sub-project of the pipeline of the Western Guangdong Natural Gas Main Pipeline Project, which is approximately 660 kilometers long. This project consists of 6 sub-projects, with a total investment of about 10.75 billion yuan. | http://drc.gd.gov.cn/attachment/0/388/388384/2956713.pdf |
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| China | Hunan | Fossil unconditional | The Xiangtan-Loudi Refined Oil Pipeline Project | Resources | Oil and oil products | Budget or off-budget transfer ... | 72453267.642371 | 04/03/2020 | Exploration or production or processing or storage or transportation | Sinopec | SOE | 500000000 | The project has been approved by the Hunan Province and the headquarters of Sinopec; it is expected to complete the approval of the basic design of the project in November; and strive to start the construction of the facilities in the Shaoyang oil depot by the end of the year. The Xiangtan-Loudi Refined Oil Pipeline Project that has been put into production includes a new pipeline of approximately 129km in the Shaoyang section and 4 automatic control valve chambers. Among them, a new oil pump, a 10kv substation and supporting oil transportation facilities and equipment are built in the Shaoyang oil depot. | http://m.kaisha88.com/sa011675454062675025105.html |
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| China | Hunan | Fossil unconditional | Changling to Changsha Huanghua International Airport Jet Fuel Pipeline Project | Mobility | Oil and oil products | Budget or off-budget transfer ... | 139143602.37647 | 04/03/2021 | Exploration or production or processing or storage or transportation | Sinopec | SOE | Business growth | 960230000 | This pipeline will meet the business growth needs of the Changsha Huanghua International Airport. The The pipeline transportation capacity is designed to be able to transport 2.5 million tons/year with a total length of 222 kilometers. A total of 2 process stations and 10 line cut-off valve chambers are set up for the first station of Changling and the last station of Changsha on the whole line, and one valve chamber is reserved in Sanhe Township, Yueyang. | http://www.ggzy.gov.cn/information/html/b/670000/0101/202101/08/00672c7e86dda5934546a0b886ab98a52dbb.shtml |
http://www.sinopecnews.com.cn/news/content/2020-09/23/content_1823274.htm |
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| China | National | Other energy | 14th Five-Year Plan for Social and Economic Development and Long-term Goals for 2035 | Multiple sectors | Multiple energy types | New or extended regulation (IT... | 31/03/2021 | Several energy stages | National Development and Reform Commission | Government | Key energy/climate indicators by 2025 outlined by the Plan include: 13.5% reduction in nation's energy intensity, 18% cut in CO2 emission intensity, the proportion of non-fossil energy to increase to about 20% of total energy consumption by 2025, 70GW nuclear power capacity, and 9% increase in forest coverage rate. | https://www.ndrc.gov.cn/fggz/fzzlgh/gjfzgh/202103/t20210323_1270102.html |
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| China | Guangdong | Fossil unconditional | Construction of the Huizhou LNG Terminal | Resources | Gas and gas products | Budget or off-budget transfer ... | 854948558.17997 | 01/01/2020 | Exploration or production or processing or storage or transportation | Guangdong National Development and Reform Commission | Government | 5900000000 | Guangdong Huizhou Liquefied Natural Gas Co., Ltd., which is owned by Guangdong Yudean Natural Gas Co., Ltd. The wholly-owned subsidiary is responsible for promoting the orderly implementation of various preliminary work of the Huizhou LNG receiving station project. The project is located on the north side of Pinghai Power Plant in Pinghai Town, Huidong County, Guangdong Province. The main construction content of the project is the LNG receiving station and its supporting wharf, which provides gas for the receiving station. The scale of gas production at the receiving station is 4 million tons/year, with a capacity of 6.1 million tons/year. The project construction is set to run from 2020-2023. | http://gdee.gd.gov.cn/attachment/0/388/388059/2912864.PDF http://drc.gd.gov.cn/attachment/0/388/388384/2956713.pdf (see under 惠州LNG接收站) |
https://www.gem.wiki/Huizhou_LNG_Terminal |
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| China | Shaanxi | Fossil unconditional | Coal Indirect Liquefaction Project in Shaanxi Province | Resources | Coal | Budget or off-budget transfer ... | 11259237791.624 | 29/07/2020 | Exploration or production or processing or storage or transportation | Yuyang Government | SOE | 77700000000 | This project will seek to produce 4 million tons/year coal for indirect liquefaction (to develop high quality oils and chemicals) using Fyto synthesis technology independently developed by Minmetals Group. Shaanxi Coal and Chemical Industry is investing in the project. The project duration is from 2020-2024 with 0.5 billion RMB invested in 2020. | https://www.sohu.com/a/410396397_99896823 |
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| China | Jiangsu | Fossil unconditional | Nantong Huaneng 2×745MW Gas Turbine Innovation Development Demonstration Project | Power generation | Gas and gas products | Budget or off-budget transfer ... | 251267932.18374 | 28/06/2020 | Electricity generation | Jiangsu National Development and Reform Commission | SOE | 1734000000 | This project is the first batch of gas turbine innovation and development demonstration project of the National Energy Administration and is the first single-machine capacity of the largest/ highest level of autonomy H-class single-axis gas-steam combined cycle peak adjustment unit. | https://c.m.163.com/news/a/FJ9VIACU05509P99.html |
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| China | Shaanxi | Fossil conditional | Approval of the Cocoa Coal Mine Project in Shaanxi province | Resources | Coal | Budget or off-budget transfer ... | 1801767859.7305 | 05/03/2021 | Exploration or production or processing or storage or transportation | Shaanxi Development and Reform Commission | SOE | 12434000000 | The scale of the coal mine production will be 10 million tons of coal / year. The project unit should strictly control the scale of land construction, not exceed the standard land use, take energy-saving measures, optimize engineering design, select energy-saving equipment and strengthen energy-saving management, . The construction site of the project is located in The Puyang District of Shaolin City. The project is owned by Shaanxi Extended Petroleum Yulin Cocoa Coal Co. | http://finance.sina.com.cn/wm/2021-03-05/doc-ikftssaq1721938.shtml |
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| China | National | Fossil conditional | China launches world’s largest carbon market for power sector | Power generation | Multiple energy types | New or extended regulation (IT... | 07/01/2021 | Electricity generation | China’s environment ministry | Government | peak emissions before 2030 and aim for carbon neutrality by 2060 | Power operators in China will need to purchase emissions permits when their coal plant exceeds carbon intensity benchmarks. This will incentivize them to improve efficiency. The emission trading scheme (ETS) will initially only cover the thermal power industry, which last year accounted for about 40% of China’s emissions. That sector in of itself is responsible for twice the emissions of the EU carbon market, until now the world’s biggest. The ETS scheme does not put a cap on carbon emissions though. Rather, it imposes carbon intensity limits for every unit of electricity a power plant generates. Operators whose plants are below the benchmark will be able to sell their carbon credits and those that go beyond the threshold will need to buy additional credits. | https://www.climatechangenews.com/2021/01/07/china-launches-worlds-largest-carbon-market-power-sector/ |
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| China | National | Clean unconditional | China increases the ambition of its 2030 climate targets | Multiple sectors | Multiple energy types | New or extended regulation (IT... | 13/12/2020 | Several energy stages | President of China | Government | Increase emission reduction and China's climate ambition | As part of the Paris Agreement anniversary, China increased the ambition of its 2030 climate targets by vowing to lower emissions per unit of GDP by over 65% from the 2005 level, increase the share of non-fossil fuels in primary energy consumption to around 25%, increase the forest stock volume by 6bn cubic meters from the 2005 level, and bring its total installed capacity of wind and solar power to over 1.2bn kilowatts. | http://www.xinhuanet.com/english/2020-12/12/c_139584803.htm; Accessed 15 December 2020 https://chinadialogue.net/zh/3/69316/ Accessed 15 December 2020 https://economictimes.indiatimes.com/news/international/world-news/xi-announces-more-commitments-by-china-to-back-global-climate-actions/articleshow/79704633.cms Accessed 15 December 2020 |
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| China | National | Clean conditional | New Energy Automobile Industry Development Plan (2021-2035) | Mobility | Multiple energy types | New or extended regulation (IT... | 17/11/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | State Council | Government | phasing out fossil fuel cars and promoting the use of new energy vehicles | By 2035, all new vehicles sold in China must be powered by ‘new-energy’, the Chinese authorities have said. Half of them must be electric, fuel cell, or plug-in hybrid – the remaining 50%, hybrid vehicles. | http://www.gov.cn/zhengce/content/2020-11/02/content_5556716.htm Accessed 18 November 2020 |
https://europeansting.com/2020/11/17/china-joins-list-of-nations-banning-the-sale-of-old-style-fossil-fuelled-vehicles/ Accessed 18 November 2020 |
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| China | National | Clean conditional | Improving the construction and operation of biomass power generation projects | Power generation | Biofuels and waste | Budget or off-budget transfer ... | 217359802.92711 | 11/09/2020 | Electricity generation | National Development and Reform Commission | Government | to manage the construction and operation of biomass power generation projects and arrange central government's new biomass power generation subsidy funds and promote the sustainable and healthy development of the power industry | 1500000000 | In recent years, with the support of national policies, the scale of biomass power generation construction has continued to increase, project construction and operation have maintained a high level, and the level of technology and equipment manufacturing has continued to improve, helping to build a clean, low-carbon, safe and efficient energy system, and speeding up the treatment of agricultural and forestry waste in various places and with food and household waste playing an important role. In order to promote the healthy development of the renewable energy power generation industry such as biomass power generation, in January 2020, the Ministry of Finance, the National Development and Reform Commission, and the National Energy Administration jointly issued the "Opinions on Promoting the Healthy Development of Non-aqueous Renewable Energy Power Generation", which determines the installed capacity of newly-added projects. In order to do a good job in the management of the construction and operation of biomass power generation projects in 2020, this new plan arranges the central government's new biomass power generation subsidy funds in 2020, and promotes the sustainable and healthy development of the industry. | https://www.ndrc.gov.cn/xxgk/zcfb/tz/202009/t20200916_1238868.html Accessed 28 September 2020 https://www.ndrc.gov.cn/xxgk/jd/jd/202009/t20200916_1238852.html Accessed 28 September 2020 |
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| China | National | Clean unconditional | China pledges to become carbon neutral before 2060 | Multiple sectors | Multiple energy types | New or extended regulation (IT... | 22/09/2020 | Several energy stages | President of China | Government | cutting emissions to net zero | Speaking at the recent UN General Assembly China announced it would become carbon neutral by 2060, which is seen by many as a landmark move. That being said the target is set at a later stage than others countries which have set such goals for 2030-2050 and it is not clear whether it includes all GHG emissions or just Co2. | https://www.climatechangenews.com/2020/09/22/xi-jinping-china-will-achieve-carbon-neutrality-2060/ Accessed 22 September 2020 |
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| China | Beijing | Clean conditional | Subsidy to incentivize the purchase of electric trucks | Mobility | Multiple energy types | Budget or off-budget transfer ... | 27/08/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Beinjing city | Government | Boost New-energy car sales and reduce gas emissions | Beijing city decided to support its transport businesses to replace their light trucks with new-energy type trucks with a subsidy of 70 RMB per unit from 1st October 2020 to 31st August 2021. Only businesses that replace more than 5 trucks can be supported by the subsidy scheme. | http://jtw.beijing.gov.cn/xxgk/zcjd/202008/t20200831_1994317.html Accessed 3 September 2020 |
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| China | Beijing | Clean unconditional | Approval of Beijing Gas Tianjin Nangang LNG Emergency Reserve Project | Resources | Gas and gas products | Budget or off-budget transfer ... | 837269957.68729 | 09/01/2020 | Exploration or production or processing or storage or transportation | National Development and Reform Comission (NDRC) | Government | To enhance the emergency security supply and storage capacity of natural gas in Beijing | 5777999978 | The approval document showed that the National Development and Reform Commission agreed to construct the project. The LNG receiving station project is located in Nangang Industrial Zone, Binhai New District, Tianjin. The construction content mainly includes three parts: receiving station, wharf and export pipeline. The main construction content of the receiving station includes: 10 200,000 cubic meters of LNG storage tanks and related supporting facilities for unloading, gasification, and loading, and two 200,000 cubic meters of storage tanks are reserved for expansion; the terminal project mainly includes: new construction 1 reliable berth for LNG ship loading and unloading of 1 to 266,000 cubic meters. The total investment of the project is 20.13 billion yuan (including foreign exchange of 177 million US dollars), of which construction investment is 19.26 billion yuan, construction period interest is 840 million yuan, and initial working capital is 30 million yuan. 20% of the total investment of the project is capital funded by the project owner’s own funds. The Beijing Municipal Government provides 30% of the construction funds in the form of subsidy funds, and the remaining funds are solved by the project owner’s application for bank loans (including the Asian Infrastructure Investment Bank 500 million US dollars) Government sovereign guarantee loans). | https://www.ndrc.gov.cn/xxgk/zcfb/tz/202007/t20200731_1235150.html Accessed 25 August 2020 |
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| China | Xinjiang | Fossil unconditional | Approval of four coal mine projects in Xinjiang, combined capacity above 5 Mtpa | Resources | Coal | Budget or off-budget transfer ... | 598463990.72598 | 31/08/2020 | Exploration or production or processing or storage or transportation | National Energy Administration | Government | To forge the region as another large coal production base behind Shanxi, Shaanxi and Inner Mongolia. | 4130000000 | The National Energy Administration gave the green light to four coal mine projects in northwestern China's Xinjiang Uygur autonomous region on August 31, to forge the region as another large coal production base behind Shanxi, Shaanxi and Inner Mongolia. The four projects, which should be built by replacing equal or more old capacity in other places, have a combined designed capacity of 5.1 million tonnes per annum. | http://www.sxcoal.com/news/4615831/info/en Accessed 1 September 2020 |
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| China | National | Other energy | Investment in housing renovation as part of a wider industry support package | Buildings | Energy efficiency | Budget or off-budget transfer ... | 7868424865.9615 | 22/05/2020 | Energy efficiency | Government | Primary: rebuilding old communities in cities and towns Secondary: doubling the investment arrangements in the central budget | 54300000000 | As part of a wider ¥ 4.35 trillion package, China will begin the renovation of 39,000 old urban residential communities and support the upgrading of plumbing and wiring and the installation of elevators in old residential buildings; it will also encourage the development of community services such as elderly home care, the provision of meals, and cleaning services. According to the recent document, the government provided 53.4 billion RMB to local governments for encouraging their fiscal spending on the renovation of old urban residential communities. This spending encourages some green investments, such as the Energy-saving improvement on old buildings and the installation of charging stations . Since only an unquantified part of the renovation programme is linked to clean energy, this measure is classified here as "other energy". | http://www.gov.cn/xinwen/2020-07/21/content_5528678.htm Accessed 29 July 2020 |
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| China | National | Clean conditional | Launching of the National Green Development Fund | Multiple sectors | Multiple energy types | Budget or off-budget transfer ... | 1449065352.8474 | 15/07/2020 | Several energy stages | Ministry of Finance, the Ministry of Ecology and Environment and Shanghai Municipal People's Government | Government | environmental conservation and pollution control | 10000000000 | The investment of the fund focuses on environmental protection and pollution control, ecological restoration and land and space greening, energy conservation and utilization, green transportation, clean energy and other fields. The final size of the fund was 88.5 billion yuan, of which the central government contributed 10 billion yuan. Other contributors include provincial and municipal governments along the Yangtze River Economic Belt, some financial institutions and enterprises. | https://finance.sina.com.cn/money/bank/bank_hydt/2020-07-15/doc-iivhvpwx5599537.shtml Acessed 21 July 2020 |
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| China | National | Other energy | Ultra-high-voltage (UHV) transmission line investments | Power generation | Multiple energy types | Budget or off-budget transfer ... | 8694392117.0845 | 19/03/2020 | Electricity storage or transmission or distribution | China State Grid | Government | 60000000000 | China's new round of UHV projects will include 12 lines, involving a total investment of over 150 billion yuan. Among them, three lines planned to start construction in 2020 will involve an investment of about 60 billion yuan. Whether it is for 5G, big data centers, industrial Internet or new energy vehicle charging , the construction and operation of these technologies are inseparable from the power network. The ultra-high-voltage project could also improve the power transmission efficiency and increase the transmission from inland areas with massive renewable energy production to coastal regions. | https://finance.sina.com.cn/chanjing/cyxw/2020-03-19/doc-iimxyqwa1774230.shtml Acessed 21 July 2020 |
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| China | National | Fossil unconditional | Accelerated permitting of coal-fired power plants | Power generation | Coal | Regulatory rollback or non-gov... | 24/06/2020 | Electricity generation | Government | Stimulate local economies during the crisis. | China is approving plans for new coal power plant capacity at the fastest rate since 2015. Survey data from the Global Energy Monitor and the Centre for Research on Energy and Clean Air shows that China approved the construction of more coal power plants in the period to mid-June than in all of 2018 and 2019 combined. Many of the plants are built by regional authorities in efforts to stimulate their economies. Projects proposed this year, if approved, would add more than 40 GW of capacity. | https://www.ft.com/content/cdcd8a02-81b5-48f1-a4a5-60a93a6ffa1e Accessed 25 June 2020 |
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| China | Zhejiang, Beijing, Shanxi, Si... | Fossil unconditional | Incentives and cash for clunker schemes for conventional vehicles at the provincial level | Mobility | Oil and oil products | Budget or off-budget transfer ... | 10/04/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Government | Primary: revive the car industry which has become an important pillar of the economy in recent years | While China has increased subsidies to electric vehicles at the provincial level subsidies to conventional cars have also been rolled out. in Shangai for example, as part of its subsidy program for auto-replacement 40,000 cars will be supported and a subsidy of 4000 yuan will be provided to consumers who purchase a gasoline vehicle that meets the VI vehicle emission standards. Similar cash for clunker schemes are in place in Zhejiang, Shanghai, Nanjing, Changchun, Guangzhou and Foshan to name only a few. Similarly, local governments in China are loosening restrictions on new vehicle license plate allocations to spur an increase in vehicle sales. | https://www.ft.com/content/12cc8c6a-5f7a-11ea-b0ab-339c2307bcd4 Accessed 8 July 2020 https://auto-time.36kr.com/p/677588199077897 Accessed 8 July 2020 http://auto.people.com.cn/n1/2020/0410/c1005-31668362.html Accessed 8 July 2020 https://global.chinadaily.com.cn/a/202003/30/WS5e816389a310128217282f86.html Acessed 8 July 2020 |
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| China | National | Clean unconditional | Increase in solar and wind energy targets | Power generation | Multiple renewable | New or extended regulation (IT... | 12/06/2020 | Electricity generation | National Energy Administration | Government | The Government increased the wind and solar energy targets for 2020 compared to what was set in its 13th five year plan. The latter was initially set at 210 GW and the later at 110GW and both have been increased to 240GW which means China will expand its solar and wind capacity by 66GW this year given its installed capacity at the end of 2019. | https://www.ndrc.gov.cn/xxgk/zcfb/tz/202006/t20200618_1231501.html Acessed 8 July 2020 |
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| China | National | Fossil unconditional | Tax incentives for second-hand car dealers | Mobility | Oil and oil products | Tax or royalty or govt fee bre... | 08/04/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | State Tax Administration | Government | Primary: Increase the sale of second-hand cars | 01/05/2020 | 31/12/2023 | From May 1 to the end of 2023, VAT levied on second-hand car dealers selling old cars will be reduced to 0.5% from an original 3% rate. | http://www.chinatax.gov.cn/chinatax/n810341/n810755/c5148182/content.html Accessed 10 July 2020 |
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| China | Pingliang Municipality, Gansu ... | Fossil unconditional | Pingliang Wuju Coal Mine Project Approval | Resources | Coal | Budget or off-budget transfer ... | 473409650.77525 | 10/06/2020 | Exploration or production or processing or storage or transportation | National Energy Administration | Government | 3267000000 | Approval of a coal mine and coal preparation plant in Pingliang Municilality, Gansu province by the national energy agency. The proposed investment is of 3.267 billion RMB with an output of 2.4 million tons per year. | https://www.seetao.com/details/28779/en.html Accessed 16 June 2020 http://www.sxcoal.com/news/4612250/info/en Accessed 16 June 2020 |
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| China | Hong Kong | Fossil unconditional | Cathay Pacific bailout | Mobility | Oil and oil products | Loan (Hybrid) | 3585319112.5924 | 09/06/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Hong Kong government | Government | rimary: protect Hong Kong’s role as a global aviation hub and ensure the city’s long-term economic development Secondary: generating a reasonable return for the government | 24742287196 | The company will go through a HK$40 billion capital restructuring process. The Hong Kong government will offer a HK$7.8 billion loan to the airline, and will create a new company, Aviation 2020, to buy HK$19.5 billion (US$2.5 billion) in preferential shares without full boardroom status, with two observers on the board. The government will also acquire warrants for another HK$1.95 billion purchase of shares later; if exercised, Aviation 2020 will have a 6.08% stake in the company. | https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3088130/trading-cathay-pacific-halted-hong-kong-stock Accessed 10 June 2020 |
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| China | National | Fossil unconditional | Dropping energy consumption per unit of GDP target for 2020 | Multiple sectors | Multiple energy types | Regulatory rollback or non-gov... | 14/05/2020 | Energy efficiency | Government | Primary: Resuming economic growth after the pandemic. | 14/05/2020 | With the economic impacts of C-19 China is not setting an energy efficiency (energy consumption per unit of GDP) target for this year, in contrast to what it has done since 2014. | https://www.jwnenergy.com/article/2020/5/china-drops-key-environmental-target-coronavirus-hits-growth/ Accessed 26 May 2020 |
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| China | National | Fossil unconditional | Adjustment of companies’ environmental supervision | Multiple sectors | Multiple energy types | Regulatory rollback or non-gov... | 10/03/2020 | Several energy stages | Ministry of Ecology and Environment | Government | Primary: allow firms more time to meet environmental standards due to COVID-19. | The measure involves relaxing some environmental requirements and extending compliance deadlines for firms in order to increase production after the pandemic. Some firms that have low emissions levels for example will be exempt from on site environmental checks. It is expected that 300,000 firms and 55,000 projects will benefit form this policy. | https://www.reuters.com/article/us-health-coronavirus-china-environment/china-to-modify-environmental-supervision-of-firms-to-boost-post-coronavirus-recovery-idUSKBN20X0AG Accessed 7 May 2020 |
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| China | National | Clean conditional | Increase in national railway development capital as part of a wider industry support package | Mobility | Multiple energy types | Budget or off-budget transfer ... | 14490653528.474 | 22/05/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Government | Primary: Develop major public transportation projects | 100000000000 | As part of a wider ¥ 4.35 trillion package China will redouble efforts to develop major transportation and water conservancy projects, and increase national railway development capital by 100 billion yuan. | http://english.www.gov.cn/premier/news/202005/30/content_WS5ed197f3c6d0b3f0e94990da.html Accessed 1 July 2020 |
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| China | National | Clean conditional | Extension of the vehicle purchase tax exemption program for new energy vehicles | Mobility | Multiple energy types | Tax or royalty or govt fee bre... | 16/04/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Ministry of Industry and Information Techonology and State Administration of Taxation | Government | Primary: increase the sales of electric vehicles | 01/01/2021 | 31/12/2022 | The government extended the automobile tax exemption program for new electric vehicles for two years in order to increase the sales of electric vehicles. Vehicles exempted include pure electric vehicles, plug in hybrids and fuel cell vehicles. | http://www.gov.cn/zhengce/zhengceku/2020-04/22/content_5505188.htm Accessed 17 June 2020 http://www.miit.gov.cn/n1146295/n1652858/n1652930/n4509607/c7885632/content.html Accessed 17 June 2020 |
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| China | National | Clean conditional | Extension of subsidies for electric vehicles | Mobility | Multiple energy types | Budget or off-budget transfer ... | 1637443848.7176 | 23/04/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Multiple ministries | Government | Primary: increase the sales of electric vehicles | 23/04/2020 | 31/12/2022 | 11300000000 | China extended the electric vehicle subsidy policy, which was due to end in 2020, for two years in order to increase the sales of electric vehicles. EVs with a selling price of 300,000 yen or less will be supported and support will be provided to 2 million vehicles per year for a total of 6 million vehicles | http://www.gov.cn/zhengce/zhengceku/2020-04/23/content_5505502.htm Accessed 7 July 2020 http://www.gov.cn/zhengce/2020-04/23/content_5505506.htm Accessed 7 July 2020 http://jjs.mof.gov.cn/zxzyzf/jnjpbzzj/202006/t20200622_3536951.htm Accessed 7 July 2020 |
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| China | National | Clean conditional | Investments in electric vehicle charging infrastructure | Mobility | Multiple energy types | Budget or off-budget transfer ... | 1449065352.8474 | 10/04/2020 | Energy use (all energy types, consumption in transport, household use, buildings etc) | Government | Primary: ease the burden of struggling automakers and reverse the downward trend in sales Secondary: step up efforts to maintain the country's global leadership in the EV adoption race | 10000000000 | This is a key stimulus measure to increase by 50 precent the electric vehicle charging network in China from its current level. This should enable 600,000 new charging points to be built in 2020. China is behind its original target of reaching 4.8 million charging points to accommodate 5 million EVs on the roads by 2020. As part of its development plan for the new-energy vehicle industry, China also set the goal that by 2021 at least 80 per cent of all public sector vehicles – including buses, taxis and municipal trucks – operating in ecological pilot zones and areas with high levels of air pollution would be driven by clean energy. | https://technode.com/2020/04/10/china-is-investing-rmb-10-billion-in-ev-charging-infrastructure/ Accessed 7 May 2020 https://www.scmp.com/news/china/article/3104977/china-promotes-new-energy-vehicles-drive-get-economy-back-track Accessed 19 October 2020 |
Research
G20 Scorecard of Fossil Fuel Funding: ChinaBeyond Fossil Fuels: Fiscal Transition in ChinaAn analysis of the interactions between electricity, fossil fuel and carbon market prices in Guangdong, ChinaThe Current Status and Prospects for Coal Industry Transition in ChinaCurrent Status and Outlook of China's Climate Change Policy After COVID-19
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