2021-03-10 12:15:00
CHINA'S NUCLEAR COAL
ENERDATA - 8 Mar 2021 - China has released its 14th Five-Year Plan covering the 2021-2025 period and announced its aim to increase its nuclear power capacity by 40% from 50 GW in 2020 to 70 GW in 2025. In addition, the country intends to get 20% of its total energy consumption from non-fossil fuels by 2025 (15.9% in 2020). China also intends to reduce its energy intensity (i.e. energy use per unit of GDP) by 13.5% and its carbon intensity (i.e. CO2 emissions per unit of GDP) by 18% over the 2021-2025 period. The country’s carbon intensity decreased by 18.8% over the 2015-2020 period, exceeding the targeted 18% reduction.
However, the 2021-2025 plan isn't expected to slow down the construction of new coal-fired power plants, since it only calls for "appropriately managing" the pace of coal-fired power capacity expansion and doesn't include any ban on new coal-fired power plant construction nor a target for curtailing coal-fired power plants capacity by 2025. China plans to continue to promote a "clean and efficient use of coal", accelerating trading mechanisms to reduce energy use and cut CO2 emissions and introducing more tax credits to support low-carbon development.
In September 2020, China presented plans to scale up its updated Nationally Determined Contribution (NDC) to the Paris Agreement, targeting a peak in CO2 emissions before 2030 and carbon neutrality before 2060. The country’s CO2 emissions from energy combustion have almost quadrupled since 1990, reaching 9.7 GtCO2 in 2019.
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Earlier:
2021, March, 9, 12:45:00
CHINA NEED NUCLEAR POWER
China said in its 2021-2025 five-year plan released on Friday that it would raise total nuclear capacity to 70 gigawatts (GW) by the end of 2025.
2021, March, 3, 12:35:00
CHINA'S CLEAN ENERGY PLAN 1,000 GW
State Grid expects wind and solar installed capacity to hit 1,000 GW by 2030
2021, February, 26, 11:45:00
CHINA'S COAL IMPORTS UP
China had the highest gain in coal imports from the U.S. among the top destinations in the fourth quarter of 2020. The Asian country imported 1.0 Mt of coal from the U.S. during the period, a 251.8% increase year over year and a 748.2% jump quarter over quarter.
2021, February, 26, 11:35:00
CHINA OFFSHORE WIND UP 3.1 GW
The offshore wind industry installed just over 6 GW of new capacity globally in 2020, nearly the same levels as the previous year.
2021, February, 12, 11:40:00
CHINA'S CLEAN ENERGY 40%
China grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2% in 2020 to 40% by 2030,
2021, January, 13, 13:30:00
CHINA GDP WILL UP BY 7.9%
GDP growth is projected at 1.9 percent in 2020 and 7.9 percent in 2021,
2020, December, 28, 10:50:00
CHINA WILL OVERTAKE THE U.S.
China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30.
