Supply security is a key concern for Beijing
China’s carbon trading offers little gas-to-power help
Generation from the cleanest fossil fuel looks set to struggle to expand in China despite the start of carbon trading
China’s much-delayed carbon market went live at the start of February, a decade after the idea was first floated and initially covering only the power sector. The scheme includes some 2,225 coal and gas-fired generation facilities, responsible for more than 40pc of China’s carbon emissions, and is not expected to begin trading until June. The gas industry had hoped the start of carbon trading would boost the competitiveness of gas-to-power by raising the cost of coal generation to more than gas, which is one of the most expensive forms of electricity production in China. [Gas-fired power plants] are largely still relegated to filling peak demand requirements rather than operating basel
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
