As the three most populous countries in Asia, China, India and Indonesia share a lot in common when it comes to projected significant economic growth, and along with it, an increase in the power capacity driven by booming demand.
Top-down economic models, such as computable general equilibrium models, are the common tools to assess the economic impacts of climate change policies. However, these models are incapable of representing the detailed technological characteristics of the sources of greenhouse gas emissions.
In late March, China announced the 2019 adjustment to its decade-long central subsidy program for new energy vehicles (NEVs). The program was introduced as the Ten Cities, Thousand Vehicles project in 2009, and is set to be phased out after 2020.
The People’s Republic of China (hereafter “China”) had the fastest growth in space cooling energy consumption worldwide in the last two decades, driven by increasing income and growing demand for thermal comfort.