Subtitle:
By:Weidong Chen Yongzhong Wang
Publisher:Social Sciences Academic Press
ISBN:978-7-5228-2562-5
Publication Date:2023-10-10
Language:Chinese
Since 2022,under the joint effect of the Russia-Ukraine conflict,the COVID-19,and the Federal Reserve and other central banks' interest rate hikes,the international market demand has declined,investment is insufficient,European energy supply is short,and the risk of global economic recession is rising,which has led to a profound change in the pattern of the international energy market.In terms of fossil energy,the prices of coal and natural gas have risen significantly,and the international oil market is split.In terms of new energy and electricity,renewable energy generation has achieved record growth and its proportion is constantly increasing;The growth of electricity demand has returned to a stable state.Battery consumption has increased significantly,and electrode material prices have repeatedly reached new highs.Looking ahead to 2023,with changes becoming a foregone conclusion and increasing global economic uncertainty risks,this pattern may continue and further develop: in terms of fossil energy,the global oil market will continue to fluctuate,natural gas supply shortages and strong coal demand will maintain high prices of related energy varieties.But the sluggish global economy and interest rate hikes are potential bearish factors for the energy commodity market.In terms of new energy and power, countries will further promote the development of energy pattern towards renewable energy and batteries for the purpose of carbon neutrality,energy security,and seeking new economic growth points.It is expected that Relevant market will maintain rapid growth and high level operation after returning to normal.
Keywords: World Energy; China's Energy; Renewable Energy