Max Dupuy leads and manages RAP’s initiatives in China to assist and advise decision-makers on power sector policies and the transition to a low-carbon energy future.
Dupuy has served as an author, public speaker and expert for the press on international developments in power sector regulation, energy efficiency, emissions trading and other topics. He specializes in comparative analysis of energy policy and has particular experience with China’s energy institutions and challenges.
Before joining RAP, Max Dupuy served at the New Zealand Treasury in Wellington, leading economic research projects and developing policy advice on electricity markets, transmission regulation and capital efficiency.
Dupuy’s work in energy policy is complemented by a background in financial sector regulation and macroeconomic policy. He worked as an economist at the U.S. Treasury in Washington, D.C., for six years, advising the secretary of the Treasury and other senior officials. His time at the U.S. Treasury included successive periods as the economist responsible for developing policy advice on issues concerning India, Indonesia and China. He also worked in economic research in the Federal Reserve System.
Max Dupuy earned an undergraduate degree in economics from Queen’s University in Canada and a master’s degree in economics and policy from Princeton University’s Woodrow Wilson School. In addition, Max completed a two-year Mandarin Chinese language program at the National Taiwan University.
How Max Dupuy is Energizing Change
Making sense of China’s new heat pump strategy
This week, China’s central government issued a national ‘Action Plan’ to promote heat… Read More +
十年电改：破局到立新，迈向清洁低碳未来
自《关于进一步深化电力体制改革的若干意见》（中发〔2015〕9号，以下简称”9号文”）发布以来，中国电力体制改革走过了具有里程碑意义的十年历程。在这十年间，电力行业在市场化改革、清洁能源发展、电力系统灵活性和可靠性提升等方面取得了突破性进展。这些成就不仅为构建新型电力系统奠定了坚实基础，更为实现“双碳”目标提供了有力支撑。站在9号文发布十周年的历史节点，我们既要总结电力体制改革的成功经验，更要准确把握新发展阶段面临的挑战。 过去十年里，在9号文的指引与大力支持下，可再生能源投资出现了爆发式增长，可再生能源装机容量扩张近4倍（由2015年的4.8亿千瓦增长到2024年的18.89亿千瓦），为经济的可持续发展提供了清洁动力。与此同时，通过政策支持和技术进步，电网对可再生能源的消纳能力不断上升，可再生能源并网规模大幅提升，弃风、弃光现象整体明显减少 （2015年分别为15%和部分地区20%以上，2023年分别为2.7%和2%）。在9号文“坚持节能减排”原则的推动下，用能端的电气化进程也在迅速扩展，不仅提高了能源的利用效率，也为发展新型电力系统创造了有利条件。 尽管电力体制改革已经取得了重大进展，仍面临许多挑战，且前路漫漫。特别是“双碳”目标的提出，给电力行业的减污降碳提出了更高要求和更紧迫的时间线。与此同时，面对日益增长的电力需求，既要保证电网的可靠性，还要保证合理成本、避免资源浪费，这给电力系统提出了更高要求。电力改革已经在诸多方面取得了进展，但要满足这些更高的目标，就必须加快改革的步伐。本文谨就其中几个重要方面进行阐述。 加快建设统一电力市场 要实现上述目标，建设“全国统一的电力市场”是至关重要的。特别需要明确的是，这个“统一的电力市场”应该围绕统一的电力现货市场来建设。这样的市场能够通过有效引导供需双方资源，考虑区域电网实时情况来进行统一调度及运作，为实现电力资源的高效利用奠定基础。同时，这样的市场将有助于提升可再生能源的跨省跨区消纳能力，增强电力系统应对各类不确定性因素的韧性，这对于保障新型电力系统的安全稳定运行具有特殊重要意义。 中国已经在电力现货市场的建设方面取得了显著进展，正朝着“2025年基本建成、2029年全面完善全国统一电力市场”的目标稳步迈进。山西、广东、甘肃、蒙西现货市场已经正式运行，当前共有23省以及南方区域电网启动电力现货市场（试）… Read More +
How did you catch the “energy” bug?
Like many of my colleagues, I have always loved the great outdoors. From that starting point, is only a short hop to a career in environmental and energy policy, which means spending lots of time indoors discussing energy economics and reading regulatory documents. So it goes!
What is something that makes you feel hopeful about the future?
The technology to decarbonize (most) of the global economy already exists and works well — and the cost of that technology has been falling. Now we need the right policies to continue to scale up.
My favorite dish/snack is anything from an induction cooktop of course!