Objective:
- Evaluate the Dual Credit policy for reducing GHG emissions in transport sector in China
Case:
Methodology:
- IAM: NEOCC and China Vehilce Fleet model
Data Source
Findings:
- Automakers in China will face increasing difficulty in meeting the Dual Credit policy before 2030s
- The NEV will increase its market share but the ICEV will still dominate the passenger vehicle stock through 2040
- Total GHG emissions of the Chinese passenger vehicle will not peak until 2032; but the GHG peak would be brought to 2028 if the GHG emissions of electricity used by BEVs are properly accounted for in the Dual Credit policy
Coding Reference: