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Opportunities and Challenges in China’s Energy Development – Energy and Carbon Markets

Date / Time   :   Thursday, 2 October 2014, 8:30 am to 5:20 pm
                            Friday, 3 October 2014, 9:10 am to 5:40 pm

Venue            :    Marina Mandarin Hotel

Please complete the attached registration form and email it to Ms. Jan Lui at or contact her for more details at +65 6516 2000.


The Chinese government is re-examining its energy development strategies together with its long-term economic strategies. There are many reforms occurring in China’s energy markets, such as the electricity market, as well as the coal, oil and gas markets.

Besides the national energy/emission reduction targets set in the 12th Five Year Plan (12th FYP), China’s State Council further announced the “12th Five-Year Plan for Energy Development” in January 2013. This plan clarifies national energy policy priorities through an ambitious set of infrastructure and market targets in the 12th FYP.

Starting from mid-2013, China’s central government launched seven pilot emissions trading schemes, with the intend to establish a national-wide scheme in 2016 which will be the largest carbon market in Asia. Both of these energy and carbon market developments are important for China in its transition to an low-carbon society and will also have significant impacts on the regional and even global energy and carbon markets. The purpose of this Forum is to discuss the opportunities and challenges in China’s energy and carbon markets developments, including (a) China’s energy markets reform and their impacts; (b) China’s carbon market developments and their impacts; and (c) China contributions to regional/global energy and carbon markets.



Day One (Vanda Ballroom): Thursday, 2 October 2014

08:30 - 09:00   Registration

09:00 - 09:10   Welcome Address by Professor S.K. CHOU (邹绍强), Executive Director,
                           Energy Studies Institute, NUS

Conference Session I: China's Energy Market Reforms and Their Impacts

09:10 - 09:40   Professor FENG Lianyong (冯连勇), China University of Petroleum, China
                           “Analysis and Expectations of the Natural Gas Market in China in the Context of Shale Gas Development”

09:40 - 10:10   Professor ZHANG Yue-Jun (张跃军), Hunan University, China
                           “China's Crude Oil Futures and International Pricing Power”

10:10 - 10:40   Associate Professor ZHANG Lei (张磊), China University of Mining and Technology, China
                           “China’s Strategies of Coal Transportation and Electricity Transmission and Their Impacts on Regional Coal Markets”

10:40 - 11:00   Tea Break

11:00 - 11:30   Professor ZHANG Sufang (张素芳), North China Electric Power University, China
                           “The Impact of Electricity Markets Reform on Wind Power Development in China”

11:30 - 12:00   Dr. LIU Xiying (刘希颖), Energy Studies Institute, NUS, Singapore
                           “China’s Regional Electricity Market Reform”

12:00 - 12:30   Panel Discussions

12:30 - 14:00

Conference Session II: China’s Carbon Market Developments and Their Impacts

14:00 - 14:30   Professor CHEN Shiyi (陈诗一), Fudan University, China
                           “Marginal Abatement Cost and Carbon Taxation Reform in China”

14:30 - 15:00   Dr. Cyril CASSISA, Tsinghua University, China
                           “Emissions Trading in China: Progress and Prospects”

15:00 - 15:30   Professor FAN Ying (范英), Institute of Policy and Management, Chinese Academy of Sciences, China
                           “The Cost Effectiveness of Firms in ETS Pilots in China in Terms of Transaction Cost”

15:30 - 15:50   Tea Break

15:50 - 16:20   Dr. LIU Xianbing (刘宪兵), Institute of Global Environmental Strategies, Japan
                           “Concerns and Responses of Chinese Businesses to the Pricing of Carbon Emissions”

16:20 - 16:50   Dr. Ajay GAMBHIR, Imperial College London, United Kingdom
                           “China’s Technology Opportunities in a Low Carbon World”

16:50 - 17:20   Panel Discussions

Day Two (Vanda Ballroom): Friday, 3 October 2014

Conference Session III: Contributions of China to Regional Energy and Carbon Markets

09:10 - 09:40   Associate Professor Ruud EGGING, Norwegian University of Science and Technology, Norway
                           “The Role of China in the Global Natural Gas Market”

09:40 - 10:10   Dr. Raymond LI, Hong Kong Polytechnic University, Hong Kong
                           “The Integration of China into the World Crude Oil Market”

10:10 - 10:40   Dr. SHI Xunpeng (施训鹏), Energy Studies Institute, NUS, Singapore
                           “Energy Market Integration in East Asia: Implications for China”

10:40 - 11:00   Tea Break

11:00 - 11:30   Prof. WANG Yao (王遥), Central University of Finance and Economics, China
                           “Carbon Finance in China: Recent Experience and Future Prospects”

11:30 - 12:00   Dr. Alex LO (盧宇航), Griffith University, Australia
                           “Carbon Sovereignty: Political Perspectives on China’s Engagement in Carbon Trading”

12:00 - 12:30   Panel Discussions

12:30 - 14:00   Lunch

Workshop: Frontiers of Energy and Carbon Markets Studies

14:00 - 14:10   Opening Speech by Dr. Elspeth THOMSON, Senior Fellow and Head of
                           Energy and the Environment Division, Energy Studies Institute, NUS

14:10 - 14:40   Mr. Beni Suryadi, ASEAN Centre for Energy, Indonesia
                           ASEAN’s energy and CDM programme

14:40 - 15:40   Panel Discussions-1

15:40 - 16:00   Tea Break

16:30 - 16:30   Professor Anthony David OWEN, Principle Fellow, Energy Studies Institute, NUS
                           Contemporary Issues for Low-Carbon Technologies in Liberalized Electricity Markets

16:30 - 17:30   Panel Discussions-2

17:30 - 17:40   Concluding Remarks

End of Programme


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