2021-12-03 11:40:00
CHINA GREEN DEVELOPMENT 2060
REUTERS - Dec 3 - China's industry ministry on Friday unveiled a five-year plan aimed at the green development of its industrial sectors, vowing to lower carbon emissions and pollutants and to promote emerging industries so as to meet a carbon peak commitment by 2030.
The world's top greenhouse gas emitter is aiming to bring its carbon emissions to a peak by 2030 and become "carbon-neutral" by 2060.
The Ministry of Industry and Information Technology (MIIT) reiterated the targets of cutting carbon dioxide emissions by 18%, and energy intensity by 13.5%, by 2025, according to the plan which covers the period between 2021 and 2025.
It also said it will strictly control capacities in steel, cement, aluminium and other sectors.
The MIIT said it will increase clean energy consumption and encourage the use of hydrogen energy, biofuels and refuse-derived fuels in steel, cement, chemical and other industries.
The plan also looks to promote the "rational" exploitation of mineral resources such as iron ore and nonferrous, and to develop the use of recycled sources, said the ministry.
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Earlier:
2021, November, 23, 12:00:00
CHINA'S CARBON MANAGEMENT
China's total trading volume of greenhouse gas voluntary emissions reduction had exceeded 334 million mtCO2e, with turnover approaching Yuan 3 billion (approx. $469 million),
2021, November, 17, 13:05:00
CHINA RENEWABLE SUBSIDY $600 MLN
China's finance ministry has set the 2022 renewable power subsidy at 3.87 billion yuan ($607.26 million),
2021, November, 11, 15:05:00
CHINA, U.S. CLIMATE COOPERATION
China and the United States have agreed to collaborate more closely on climate action
2021, November, 2, 13:40:00
CHINA CLIMATE TARGETS UP
Coal (including lignite) still dominates the energy mix with 60% in 2020, but its share is decreasing rapidly (-11% points since 2010).
2021, October, 29, 13:50:00
CHINA CLIMATE TARGETS
China stated that it aims to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.
2021, October, 26, 13:00:00
CHINA ZERO EMISSIONS 2060
As of end-2020, China had nearly 282 GW of installed wind capacity, and over 253 GW of solar capacity.
2021, October, 12, 16:45:00
CHINA'S POWER CRISIS
Market participants said that while Chinese demand is lifting coal prices, the downside risk is limited given suppressed demand from India -- the world's third-largest coal consumer.
