NewEnergyNews: A New Energy Roadmap For China

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    Founding Editor Herman K. Trabish

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  • MONDAY’S STUDY AT NewEnergyNews, January 17:
  • Utility Financial Viability At Risk

    Friday, October 08, 2021

    A New Energy Roadmap For China

    China has a clear pathway to build a more sustainable, secure and inclusive energy future

    29 September 2021 (International Energy Agency)

    “…China’s remarkable economic growth over the past four decades has lifted hundreds of millions of people out of poverty, turning the country into a leader in many industries but also the world’s largest carbon emitter, accounting for one-third of global carbon dioxide (CO2) emissions…[It] is aiming to reach a peak in its CO2 emissions before 2030 and carbon neutrality before 2060. The energy sector is the source of almost 90% of China’s greenhouse gas emissions…

    …[ An Energy Sector Roadmap to Carbon Neutrality in China found coal] accounts for over 60% of electricity generation, and China continues to build new coal power plants…[But] China has added more solar power capacity than any other country year after year. It is the second largest oil consumer in the world, but it also home to 70% of global manufacturing capacity for electric vehicle batteries…[To reach its climate goals, China will need] solutions to tackle emissions from its huge existing fleet of fossil fuel-based power plants, steel mills, cement kilns and other industrial facilities…[or its 2060 emissions will be] one-third of the global carbon budget for limiting the global temperature rise to 1.5 °C…

    …[The main drivers of emissions reductions between now and 2030 can be] energy efficiency improvements, expansion of renewables and a reduction in coal use. Electricity generation from renewables, mainly wind and solar PV, increases seven-fold between 2020 and 2060, accounting for almost 80% of China’s power mix by then. Industrial CO2 emissions decline by nearly 95% by 2060, with the role of emerging innovative technologies…” click here for more

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