The Chinese government has released new rules for establishing spot markets for electricity trading. According to Yan Qin, an energy expert at the analytics firm Refinitiv, these rules represent a „milestone in creating a unified national electricity market“. Experts believe this could help push coal-generated electricity out of the grid and pave the way for cheaper electricity from renewables. A comprehensive electricity market reform could reduce Chinese CO2 emissions by over a third by 2035, according to the International Energy Agency.