Energy storage towards dual carbon goals

How has China's Dual carbon goal impacted energy storage?

BEIJING, July 1 -- China's dual carbon goal and targeted policies have provided strong tailwinds, enabling the country's energy storage businesses to thrive amid the rapidly evolving market competition.

How to achieve China's Dual carbon goals?

To achieve China's dual carbon goals (DCGs) of carbon peaking and carbon neutrality, we developed a dynamic input-output multi-objective optimisation model, combined with scenario setting, to explore the optimization pathways of carbon emissions, economic growth, and energy consumption.

What is the implementation path of the 'dual carbon' goals?

The implementation path of the "dual carbon" goals was summarised. The study found that China's energy policy under "dual carbon" target has undergone four development stages before and after the release of the energy policy, and energy policy system has been continuously supplemented and improved.

What are dual carbon goals & CCS investment strategy?

Dual carbon goals and CCS investment strategy Energy structure updating and energy efficiency improvement are critical drivers for the carbon abatement plans. To realize the dual carbon goals, all sectors have to go through a green transition, and among them the power sector comes as a priority ( Huang et al., 2022 ).

How can the power sector achieve dual carbon goals?

To realize the dual carbon goals, all sectors have to go through a green transition, and among them the power sector comes as a priority ( Huang et al., 2022 ). The current energy structure relying heavily on coal highlights the importance of introducing carbon absorption technology such as CCS.

What role does the government play in achieving the 'dual carbon' goal?

An analysis of government policy tools usage reveals that, in pursuing the "dual carbon" goal in the energy sector, the government predominantly assumes a strategic guidance and environmental facilitation role through macro-level guidance and comprehensive organisation.