China’s energy and climate policies are being watched closely. The nation emits nearly a third of the world’s CO2 emissions.
Achieving this target would mean CO2 emissions falling between 4 per cent and 6 per cent by 2025 from 2023 levels, according to the analysis by Mr Lauri Myllyvirta, Helsinki-based lead analyst at the Centre for Research on Energy and Clean Air and senior fellow at the Asia Society Policy Institute. Crea is a research organisation registered in Finland and has offices across Asia and Europe.
The lack of rain for several years cut hydropower output in parts of the country, leading to greater reliance on coal power. Also, some provinces regarded building coal power plants as a way to bolster economic growth and energy security. He said that in addition to carbon intensity, China is also at risk of missing all of its other key climate goals for 2025, including pledges to strictly limit coal demand growth and strictly control new coal power capacity, as well as targets for energy intensity and the share of renewables in energy demand growth.
Since the beginning of 2022, a total of 218 gigawatts of new coal power plants have been permitted. Construction had already started for about 90GW of this capacity by the end of 2023, said the analysis. Coal accounts for about 60 per cent of China’s electricity generation.
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