A world leading independent energy research institute
Nearly two months after the start of the Iran War, China’s resilience in the face of the resulting global energy crisis stands in stark contrast to the situation in Europe and North America. In today’s podcast, Michal Meidan and Anders Hove dig into what is actually happening in China in response to the crisis—both in energy markets and in policy. To what extent is China “doubling down” on its clean energy strategy, as some have suggested? What are leaders saying (or signalling) about China’s response—domestically and internationally? How much do higher LNG prices really affect China’s appetite for gas power or for shifting heating from coal to gas? Are there signs that China’s domestic electric vehicle (EV) adoption could accelerate, following a year focused on tackling involution and boosting exports? Given the paucity of high-level statements, to what extent can China’s response to past crises inform expectations this time? Today’s podcast explores these questions and more, looking at both near-term and medium-term prospects for policy and market developments, as energy security rises ever higher on the domestic agenda.