China economic blueprint signals more coal investment by AFP Staff Writers Beijing (AFP) March 5, 2021 China will invest more in coal to power its economy over the next five years, according to a government plan released Friday that only modestly increased renewable ambitions. Environmentalists had been hoping China's five-year national development plan, unveiled at its annual parliamentary session, would give a roadmap for its goal of carbon neutrality by 2060. However the plan, announced by Premier Li Keqiang, had few details and signalled little urgency in cutting the greenhouse gas emissions that cause global warming. The lack of a cap on total energy consumption was one of the notable exclusions. "Without the energy consumption control target, there's even less in this five-year plan to constrain emissions growth than in the previous ones," Lauri Myllyvirta, from the Centre for Research on Energy and Clean Air, told AFP. "As a result, there's no guarantee that emissions growth will slow down, let alone stop, by 2025." Instead the plan aims to reduce the amount of carbon emitted per unit of GDP by 18 percent. However this is the same target as for the previous five years, and economic growth was set for six percent in 2021 -- meaning a net increase in carbon emissions for this year. The blueprint sets a target of generating just 20 percent of energy from non-fossil fuels by 2025, up from 15.9 percent in 2020. There were no specific targets for increasing wind, solar or hydro capacity, although there have been pledges to invest more in renewables. China is the world's biggest polluter, spewing out over a quarter of all greenhouse gas emissions linked to global warming. As part of the plan to reach carbon neutrality by 2060, Beijing had previously pledged to reach peak carbon emissions before 2030. Researchers say this needs coal-fired power to be cut almost immediately. However the economic blueprint does not ban the development of new coal power stations. Instead China's cabinet last month issued a directive to "increase the share of large capacity coal power units". "The contradiction between targeting low-carbon development and continuing to invest in coal and fossil fuels still seems stark in China's plans," Myllyvirta said. The country's strong post-pandemic recovery has been boosted by heavy infrastructure investment, and environmentalists are concerned this could stem the shift towards greener policies. Despite business lockdowns to curb virus spread, China's carbon emissions for 2020 were 1.5 percent higher than that in 2019, according to data released by the statistics bureau last week.
EU probes Germany's coal phase-out aid Brussels (AFP) March 2, 2021 The EU on Tuesday said it was taking a closer look into billions of euros in aid promised by Germany to firms hit by the closure of coal-fired power plants, over concerns it may give them an unfair advantage. "Our role is to safeguard competition by making sure that the compensation granted to the operators ... is kept to the minimum necessary," EU competition chief Margrethe Vestager said in a statement. "The information currently at our disposal does not allow us to confirm this with certainty ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |